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 final

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 end of period: $18,800

Length of time: 4 years

Rate: 12%

Compounded: Quarterly

Period used

Rate used

PV factor used

PV of amount desired at end of period

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