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

question 51

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Use Table 12-2 from your text to calculate the present value of the annuity due, rounding to the nearest cent:  Annuity  Payment  Time  Nominal  Interest  Present Value  Payments  Frequency  Period  Rate  Compounded  of the Annuity $2,200 every 3 months 8 years 6% quarterly \begin{array} { l l l l l l } \text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Present Value } \\\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { Compounded } & \text { of the Annuity } \\\$ 2,200 & \text { every 3 months } & 8 \text { years } & 6 \% & \text { quarterly } &\end{array}


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