Use Table 12-2 from Your Text to Calculate the Present

question 124

Short Answer

Use Table 12-2 from your text to calculate the present value of the annuity due, rounding to the nearest cent: $$\begin{array} { l l l l l l } \text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Present Value } \\ \underline { \text { Payments }} & \underline { \text { Frequency }} & \underline { \text { Period } } & \underline { \text { Rate } }& \underline { \text { Compounded }} & \underline { \text { of the Annuity} } \\\$ 1,500 & \text { every } 6 \text { months } & 3 \frac { 1 } { 2 } \mathrm { yrs } & 14 \% & \text { semiannually } &\end{array}$$

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Definitions:

Lesbians

Women who are romantically and sexually attracted to other women.

Depressed

Experiencing severe despondency and dejection, typically over a period of time, often characterized by feelings of hopelessness and inadequacy.

Cohabit

To cohabit means to live together in the same house or dwelling, particularly referring to couples who live together without being legally married.

Active Religious Involvement

Refers to the degree of participation and engagement in religious practices and community activities.