Posted by **James** on Saturday, June 25, 2011 at 5:10pm.

Calculate the PRESENT VALUE of the following ORDINARY ANNUITIES. Round to the nearest cent when necessary.

Annuity Payment:($3,000) Payment Frequency: (Every Year) Time Period YRS:(15)Nominal Rate%:(10)Interest Compounded:(Annually)Present Value Of The Annuity is What?