Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded vwith the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time $100 monthly 6 yr Need Help? Read it Master Talk toa Tutor Watch t

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Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…

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Q: a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic…

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A: We use Pv function to calculate present value of annuity

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A: Ordinary Annuity: They are the payments made in series at the ending period for a fixed period.