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.) Amount desired at Length Rate Compounded PeriodPeriodic PV of amount of timeR desired at end of period used rate end of period $ 7,800 10 years 4 % | Semiannually

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