Question: Complete the following using present value. (Use theTableprovided.) (Do not round intermediate calculations. Round the Rate used to the nearest tenth percent. Round the PV

Complete the following using present value. (Use theTableprovided.)(Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.)

Amount at end of period: $7600

Length of time: 6 years:

Rate: 2%

Compounded: Semiannually

Period used: 16

Find:

Rate used

PV Factor Used

PV of amount desired at end of period

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