Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. $$\begin{array} { l l l l l }
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Present Value } \
\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { of the Annuity } \
\$ \$ 2,000 & \text { every } 6 \text { months } & 10 \text { years } & 16 \% & \

\end{array}$$

Question

Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. $$\begin{array} { l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Present Value } \
\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { of the Annuity } \
\$ \$ 2,000 & \text { every } 6 \text { months } & 10 \text { years } & 16 \% & \

\end{array}$$

Quizplus · Accepted Answer

The Answer of Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent. $$\begin{array} { l l l l l } 
\text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Present Value } \
\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { of the Annuity } \
\$ \$ 2,000 & \text { every } 6 \text { months } & 10 \text { years } & 16 \% & \

\end{array}$$

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