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it Use Table 12-2 to calculate the present value (in \$) of the annuity due. (Round your answer to the nearest cent.) \begin{tabular}{|c|c|c|c|c|c|} \hline \begin{tabular}{c} Annuity \\ Payment \end{tabular} & \begin{tabular}{c} Payment \\ Frequency \end{tabular} & \begin{tabular}{c} Time \\ Period (years) \end{tabular} & \begin{tabular}{c} Nominal \\ Rate (\%) \end{tabular} & \begin{tabular}{c} Interest \\ Compounded \end{tabular} & \begin{tabular}{c} Present Value \\ of the Annuity (in \$) \end{tabular} \\ \hline$1,800 & every year & 10 & 9 & annually & $ \\ \hline \end{tabular} TABLE 12-2 Present Value (Amount) of an Ordinary Annuity of \$1 (Continued) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline eriods & 9% & 10% & 11% & 12% & 13% & 14% & 15% & 16% & 17% & 18% & Periods \\ \hline 1 & 0.91743 & 0.90909 & 0.90090 & 0.89286 & 0.88496 & 0.87719 & 0.86957 & 0.86207 & 0.85470 & 0.84746 & 1 \\ \hline 2 & 1.75911 & 1.73554 & 1.71252 & 1.69005 & 1.66810 & 1.64666 & 1.62571 & 1.60523 & 1.58521 & 1.56564 & 2 \\ \hline 3 & 2.53129 & 2.48685 & 2.44371 & 2.40183 & 2.36115 & 2.32163 & 2.28323 & 2.24589 & 2.20958 & 2.17427 & 3 \\ \hline 4 & 3.23972 & 3.16987 & 3.10245 & 3.03735 & 2.97447 & 2.91371 & 2.85498 & 2.79818 & 2.74324 & 2.69006 & 4 \\ \hline 5 & 3.88965 & 3.79079 & 3.69590 & 3.60478 & 3.51723 & 3.43308 & 3.35216 & 3.27429 & 3.19935 & 3.12717 & 5 \\ \hline 6 & 4.48592 & 4.35526 & 4.23054 & 4.11141 & 3.99755 & 3.88867 & 3.78448 & 3.68474 & 3.58918 & 3.49760 & 6 \\ \hline 7 & 5.03295 & 4.86842 & 4.71220 & 4.56376 & 4.42261 & 4.28830 & 4.16042 & 4.03857 & 3.92238 & 3.81153 & 7 \\ \hline 8 & 5.53482 & 5.33493 & 5.14612 & 4.96764 & 4.79877 & 4.63886 & 4.48732 & 4.34359 & 4.20716 & 4.07757 & 8 \\ \hline 9 & 5.99525 & 5.75902 & 5.53705 & 5.32825 & 5.13166 & 4.94637 & 4.77158 & 4.60654 & 4.45057 & 4.30302 & 9 \\ \hline 10 & 6.41766 & 6.14457 & 5.88923 & 5.65022 & 5.42624 & 5.21612 & 5.01877 & 4.83323 & 4.65860 & 4.49409 & 10 \\ \hline 11 & 6.80519 & 6.49506 & 6.20652 & 5.93770 & 5.68694 & 5.45273 & 5.23371 & 5.02864 & 4.83641 & 4.65601 & 11 \\ \hline 12 & 7.16073 & 6.81369 & 6.49236 & 6.19437 & 5.91765 & 5.66029 & 5.42062 & 5.19711 & 4.98839 & 4.79322 & 12 \\ \hline 13 & 7.48690 & 7.10336 & 6.74987 & 6.42355 & 6.12181 & 5.84236 & 5.58315 & 5.34233 & 5.11828 & 4.90951 & 13 \\ \hline 14 & 7.78615 & 7.36669 & 6.98187 & 6.62817 & 6.30249 & 6.00207 & 5.72448 & 5.46753 & 5.22930 & 5.00806 & 14 \\ \hline 15 & 8.06069 & 7.60608 & 7.19087 & 6.81086 & 6.46238 & 6.14217 & 5.84737 & 5.57546 & 5.32419 & 5.09158 & 15 \\ \hline 16 & 8.31256 & 7.82371 & 7.37916 & 6.97399 & 6.60388 & 6.26506 & 5.95423 & 5.66850 & 5.40529 & 5.16235 & 16 \\ \hline 17 & 8.54363 & 8.02155 & 7.54879 & 7.11963 & 6.72909 & 6.37286 & 6.04716 & 5.74870 & 5.47461 & 5.22233 & 17 \\ \hline 18 & 8.75563 & 8.20141 & 7.70162 & 7.24967 & 6.83991 & 6.46742 & 6.12797 & 5.81785 & 5.53385 & 5.27316 & 18 \\ \hline 19 & 8.95011 & 8.36492 & 7.83929 & 7.36578 & 6.93797 & 6.55037 & 6.19823 & 5.87746 & 5.58449 & 5.31624 & 19 \\ \hline 20 & 9.12855 & 8.51356 & 7.96333 & 7.46944 & 7.02475 & 6.62313 & 6.25933 & 5.92884 & 5.62777 & 5.35275 & 20 \\ \hline 21 & 9.29224 & 8.64869 & 8.07507 & 7.56200 & 7.10155 & 6.68696 & 6.31246 & 5.97314 & 5.66476 & 5.38368 & 21 \\ \hline 22 & 9.44243 & 8.77154 & 8.17574 & 7.64465 & 7.16951 & 6.74294 & 6.35866 & 6.01133 & 5.69637 & 5.40990 & 22 \\ \hline 23 & 9.58021 & 8.88322 & 8.26643 & 7.71843 & 7.22966 & 6.79206 & 6.39884 & 6.04425 & 5.72340 & 5.43212 & 23 \\ \hline 24 & 9.70661 & 8.98474 & 8.34814 & 7.78432 & 7.28288 & 6.83514 & 6.43377 & 6.07263 & 5.74649 & 5.45095 & 24 \\ \hline 25 & 9.82258 & 9.07704 & 8.42174 & 7.84314 & 7.32998 & 6.87293 & 6.46415 & 6.09709 & 5.76623 & 5.46691 & 25 \\ \hline 26 & 9.92897 & 9.16095 & 8.48806 & 7.89566 & 7.37167 & 6.90608 & 6.49056 & 6.11818 & 5.78311 & 5.48043 & 26 \\ \hline 27 & 10.02658 & 9.23722 & 8.54780 & 7.94255 & 7.40856 & 6.93515 & 6.51353 & 6.13636 & 5.79753 & 5.49189 & 27 \\ \hline 28 & 10.11613 & 9.30657 & 8.60162 & 7.98442 & 7.44120 & 6.96066 & 6.53351 & 6.15204 & 5.80985 & 5.50160 & 28 \\ \hline 29 & 10.19828 & 9.36961 & 8.65011 & 8.02181 & 7.47009 & 6.98304 & 6.55088 & 6.16555 & 5.82039 & 5.50983 & 29 \\ \hline 30 & 10.27365 & 9.42691 & 8.69379 & 8.05518 & 7.49565 & 7.00266 & 6.56598 & 6.17720 & 5.82939 & 5.51681 & 30 \\ \hline 31 & 10.34280 & 9.47901 & 8.73315 & 8.08499 & 7.51828 & 7.01988 & 6.57911 & 6.18724 & 5.83709 & 5.52272 & 31 \\ \hline 32 & 10.40624 & 9.52638 & 8.76860 & 8.11159 & 7.53830 & 7.03498 & 6.59053 & 6.19590 & 5.84366 & 5.52773 & 32 \\ \hline 33 & 10.46444 & 9.56943 & 8.80054 & 8.13535 & 7.55602 & 7.04823 & 6.60046 & 6.20336 & 5.84928 & 5.53197 & 33 \\ \hline 34 & 10.51784 & 9.60857 & 8.82932 & 8.15656 & 7.57170 & 7.05985 & 6.60910 & 6.20979 & 5.85409 & 5.53557 & 34 \\ \hline 35 & 10.56682 & 9.64416 & 8.85524 & 8.17550 & 7.58557 & 7.07005 & 6.61661 & 6.21534 & 5.85820 & 5.53862 & 35 \\ \hline 36 & 10.61176 & 9.67651 & 8.87859 & 8.19241 & 7.59785 & 7.07899 & 6.62314 & 6.22012 & 5.86171 & 5.54120 & 36 \\ \hline \end{tabular} The values in Table 12-2 were generated by the formula i(1+i)n(1+i)n1 and rounded to five decimal places, where i is the interest rate per period and n is the total number of periods

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