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Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity $100 every month 21 / 6 monthly $ S Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity $6,000 every year 20 6 annually $ To establish a "rainy day" cash reserve account, a certain company deposits $13,000 of its profit at the end of each quarter into a money market account that pays 1.55% interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much (in $) will the account be worth in 4 years? 1 (b) How much (in $) will the account be worth in 5 years? 2 Solve by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value of the Annuity (in $) $9,000 every 6 months 5 5.0 semiannually $ Use Table 12-1 to solve. Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $120 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 18 months? (Round your answer to the nearest cent.) $

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