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

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 $ 18,900 Length of time 5 years Rate Compounded 8 % Quarterly On PV Table 12.3 Period used Rate used % PV factor used my PV of amount desired at end of period TABLE 12.3 Present value of $1 at end of period. Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 35 40 1% .9901 .9803 .9706 .9610 9515 .9420 .9327 .9235 .9143 .9053 .8963 .8874 .8787 .8700 .8613 .8528 .8444 .8360 .8277 .8195 .8114 .8034 .7954 .7876 .7798 .7720 .7644 .7568 .7493 .7419 .7059 .6717 1/22% .9852 .9707 .9563 .9422 .9283 .9145 .9010 .8877 .8746 .8617 .8489 .8364 .8240 .8119 .7999 .7880 .7764 .7649 .7536 .7425 .7315 .7207 .7100 .6995 .6892 .6790 .6690 .6591 .6494 .6398 .5939 .5513 2% .9804 .9612 .9423 .9238 .9057 .8880 .8706 .8535 .8368 .8203 .8043 .7885 .7730 .7579 .7430 .7284 .7142 .7002 .6864 .6730 .6598 .6468 .6342 .6217 .6095 .5976 .5859 5744 .5631 .5521 .5000 4529 3% .9709 .9426 .9151 .8885 .8626 .8375 .8131 7894 .7664 .7441 .7224 .7014 .6810 .6611 .6419 .6232 .6050 .5874 .5703 .5537 5375 5219 .5067 .4919 .4776 .4637 .4502 .4371 .4243 4120 .3554 .3066 4% .9615 .9246 .8890 .8548 .8219 .7903 .7599 .7307 .7026 .6756 .6496 .6246 .6006 5775 .5553 .5339 .5134 .4936 .4746 .4564 4388 .4220 .4057 .3901 .3751 .3607 .3468 .3335 .3207 .3083 .2534 2083 5% .9524 .9070 .8638 .8227 7835 .7462 .7107 .6768 .6446 .6139 5847 .5568 .5303 .5051 .4810 .4581 4363 .4155 .3957 .3769 .3589 .3418 .3256 .3101 .2953 .2812 .2678 .2551 .2429 .2314 .1813 .1420 Note: For more detailed tables, see your reference booklet, the Business Math Handbook. 6% .9434 .8900 .8396 .7921 .7473 .7050 .6651 .6274 .5919 .5584 .5268 .4970 .4688 .4423 .4173 .3936 .3714 .3503 .3305 .3118 .2942 2775 .2618 .2470 .2330 .2198 2074 .1956 .1846 .1741 .1301 .0972 7% .9346 .8734 .8163 .7629 .7130 .6663 .6227 .5820 .5439 .5083 4751 4440 4150 .3878 3624 .3387 3166 .2959 .2765 .2584 .2415 .2257 .2109 .1971 .1842 .1722 .1609 .1504 .1406 .1314 .0937 0668 8% .9259 .8573 .7938 .7350 .6806 .6302 .5835 .5403 5002 .4632 .4289 .3971 .3677 .3405 .3152 .2919 2703 .2502 2317 .2145 .1987 .1839 .1703 .1577 .1460 .1352 .1252 .1159 .1073 .0994 .0676 .0460 10% .9174 .9091 .8417 .8264 .7722 .7513 .7084 .6830 .6499 .6209 .5963 5645 .5470 5132 .5019 4665 .4604 .4241 .4224 .3855 .3875 .3505 .3555 .3186 .3262 .2897 .2992 .2633 .2745 .2394 2519 .2176 2311 .1978 2120 .1799 .1945 .1635 .1784 .1486 .1637 .1351 .1502 .1228 .1378 .1117 .1264 .1015 .1160 0923 .1064 .0839 .0976 .0763 .0895 .0693 .0822 .0630 .0754 .0573 .0490 .0356 .0318 .0221 9%

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