Use Table 12-2 from your text to calculate the present value of the ordinary annuity, rounding to the nearest cent.
Annuity
Payment
Time
Nominal
Present Value
Payments
Frequency
Period
Rate
of the Annuity
$600
every month
3 years
18%
__________
What will be an ideal response?
$16,596.41
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Answer the following statement true (T) or false (F)