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.) Period Amount desired at Length of time end of period 6.500 9 years Periodic rate Rate Compounded 6% Semiannually used PV of amount desired at end of period

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