Present value of an annuity due
AnnuityPayment  PaymentFrequency  TimePeriod (yrs)  Nominal Rate

InterestCompounded  Present Value of the Annuity  
20.  $1,100  every year  5  5.8  annually  $4,929.14 
To calculate: The present value of an annuity due, where annuity payment is
Given Information:
Annuity payment is
Formula used:
The formula to compute the present value of an annuity due is,
Where,
Calculation:
Consider the provided information,
Annuity payment is
Now, the interest rate period is
The number of periods is
Now, substitute
Multivariable Calculus
Calculus: An Applied Approach (MindTap Course List)
Probability and Statistics for Engineering and the Sciences
Calculus (MindTap Course List)
Elementary Technical Mathematics
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
Understanding Basic Statistics
Essentials of Statistics for The Behavioral Sciences (MindTap Course List)
Intermediate Algebra
Statistics for The Behavioral Sciences (MindTap Course List)
Elementary Geometry For College Students, 7e
Mathematical Applications for the Management, Life, and Social Sciences
Precalculus: Mathematics for Calculus (Standalone Book)
Single Variable Calculus
Finite Mathematics
Finite Mathematics and Applied Calculus (MindTap Course List)
Single Variable Calculus: Early Transcendentals, Volume I
Mathematical Excursions (MindTap Course List)
Essentials Of Statistics
Calculus: Early Transcendentals
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions (MindTap Course List)
Elements Of Modern Algebra
Single Variable Calculus: Early Transcendentals
Trigonometry (MindTap Course List)
Calculus of a Single Variable
Elementary Geometry for College Students
Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th
Study Guide for Stewart's Multivariable Calculus, 8th
Finite Mathematics for the Managerial, Life, and Social Sciences
Research Methods for the Behavioral Sciences (MindTap Course List)
Mathematics For Machine Technology
Introduction To Statistics And Data Analysis
Research Methods for the Behavioral Sciences (MindTap Course List)
Mathematics: A Practical Odyssey
Statistics for Business & Economics, Revised (MindTap Course List)
Multivariable Calculus
College Algebra (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICSTEXT
Calculus (MindTap Course List)