Question: Complete the following using the present value formula or financial calculator (Do not round intermediate calculations. Round the Periodic rate to the nearest tenth percent.

Complete the following using the present value formula or financial calculator (Do not round intermediate calculations. Round the "Periodic rate" to the nearest tenth percent. Round your final answer to the nearest cent.) Periodic Rate Compounded Amount desired at Length of time end of period 7,100 9 years Period used PV of amount desired at end of period rate 2 % Semiannually

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