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 $3,000 every year 20 4 annually

Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $300 every month 1 1 4 6 monthly

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Asume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)            $40,000 in a fund paying 5% per year, with quarterly payments for 20                years. PMT = $

Determine if the statements below are True or False. If it’s True, explain why. If it’s False,explain why not, or simply give an example demonstrating why it’s false. A correct choiceof ”True” or ”False” with no explanation will not receive any credit.