Question: Complete the following using present value. (Use the Table 12.3 provided.) Note: Do not round intermediate calculations. Round the Rate used to the nearest

Complete the following using present value. (Use the Table 12.3 provided.) Note: 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. CA $ Amount desired at Length of time Rate end of period 7,700 9 years On PV Table 12.3 Compounded PV factor used Period Rate used used 3% Semiannually 18 % 0.9233 $ PV of amount desired at end of period 5,608.68

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