Question: Complete the following using present value. (Use the Table 12.3.) Note: Do not round Intermediate calculations. Round the PV factor to 4 decimal places

Complete the following using present value. (Use the Table 12.3.) Note: Do not round Intermediate calculations. 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 Period used PV factor used Rate used $ 17,600 7 years 2% Quarterly 96 PV of amount desired at end of period

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