Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit m Frequency n Rate r Time t $500 annually 6% 30 yr $

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 5E
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Find the present value of the ordinary annuity. (Round your answer to the nearest cent.)

Amount of Deposit    
m    
Frequency    
n    
Rate    
r    
Time    
t    
$500     annually     6%     30 yr    

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