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. On PV Table 12.3 Amount desired at end of period Length of time Rate Compounded PV factor used Period used Rate used $ 8,900 4 years 6% Monthly % PV of amount desired at end of period

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