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

not round intermediate calculations. Round the "PV factor" to 4 decimal places

and final answer to the nearest cent. $ Amount desired at end

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. $ Amount desired at end of period On PV Table 12.3 Length of time Rate Compounded Period used PV factor used Rate used 17,600 7 years 2% Quarterly % PV of amount desired at end of period

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