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

Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round the "Periodic rate" to the nearest hundredth percent. Round your final answer to the nearest cent.) Amount desired at end of period $ Length of time 10,200 4 years Rate Compounded 9% Monthly Period used Periodic rate % PV of amount desired at end of period

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