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

Note: 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.

$\backslash$table$[[\backslash$table$[[$Amount$],[$desired at$],[$end of period$]],\backslash$table$[[$Length$],[$of time$],[4$ years$]],$Rate,$\backslash$table$[[$Compounded$],[$Monthly$]],\backslash$table$[[$Period$],[$used$]],$Periodic rate,$\backslash$table$[[$PV of amount$],[$desired at$],[$end of period$]]],[$$$,10,600,\backslash$table$[[6,\%$