Question: Drill Problem 1 2 - 7 ( Algo ) [ LU 1 2 - 2 ( 2 ) ] Complete the following using present value.
Drill Problem AlgoLU
Complete the following using present value. Use the Table provided.
Note: Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the PV factor" to decimal places and final answer to the nearest cent.
Answer is not complete.
tabletableAmountdesired atend of periodtableLengthof timeRate,Compounded,On PV Table tablePV factorused
tablePV of amountdesired atend of periodtablePeriodusedRate used$ years,Semiannually,,$
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