Solve by using formulas. (Round your answer to the nearest cent.) Present value (in $) of an annuity due Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity $1,300 every year 5 5.7 annually

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ISBN:9780470458365
Author:Erwin Kreyszig
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Solve by using formulas. (Round your answer to the nearest cent.)

Present value (in $) of an annuity due

Annuity
Payment
Payment
Frequency
Time
Period (years)
Nominal
Rate (%)
Interest
Compounded
Present Value
of the Annuity
$1,300 every year 5 5.7 annually  
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