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

Complete the following using present value. (Use the Table 12.3.) (Do not

Complete the following using present value. (Use the Table 12.3.) (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 Length of time Rate Compounded Period used Rate used PV factor used end of period $ 18,600 10 years 16% Quarterly PV of amount desired at end of period

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