Question: Drill Problem 12-7 (Algo) [LU 12-2 (2)] Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the Rate
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Drill Problem 12-7 (Algo) [LU 12-2 (2)] Complete the following using present value. (Use the Table provided.) (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.) On PV Table 12.3 Length of time Rate Amount desired at end of period $ 6,500 Compounded Period used Rate used PV factor used PV of amount desired at end of period 9 years 6% semiannually % Drill Problem 12-4 (Algo) (LU 12-1 (2)] Complete the following using compound future value. (Use the Table provided.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Time Amount Interest Principal $ 17,100 Rate 6% Compounded Quarterly 3 years Drill Problem 12-2 (Static) [LU 12-1 (2)] Complete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.) Time Amount Interest Principal $ 15,000 Rate Compounded 3 1/2 % Annually 12 years Drill Problem 12-2 (Algo) (LU 12-1 (2)] Complete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.) Amount Interest Time 10 years Principal $ 15,800 Rate 5 % Compounded Annually
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