Question: Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round your final answer to the nearest cent.) Rate

Complete the following using the present value formula or financial calculator.

Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round your final answer to the nearest cent.) Rate Compounded Period used Periodic rate Amount desired at Length of time end of period $ 20,900 18 years PV of amount desired at end of period 12 % Annually

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