Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount...

Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time \$400 quarterly 11% 20 yr \$

The present value of an ordinary annuity:-

=PV(rate,nper,pmt)

=PV(11%/4,20*4,-400)

=12885.18

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