Question: Complete the following using present value. (Please use the following provided Table.) (Do not round intermediate calculations. Round the Rate used to the nearest tenth

Complete the following using present value. (Please use the following provided Table.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.)

Amount desired at end of period Length of time Rate Compounded

On PV Table

 PV factor used PV of amount desired at end of period
Period used Rate used
$8,100 7 years 2% semiannually % $

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