Using provided data, solve for present value. When calculating 1/(1+1/Y)^N, round your answer to four decimal places. Use your rounded answer to calculate PV; enter PV rounded to the nearest dollar. When entering (1+I/Y) into the formula, be sure to solve for (1+1/Y) and then enter the result rounded to two decimal places. Facts PV: FV: $140,000 Annual Interest Rate: 1246 I/Y: 16 n: [Number of years) 5 N: [Number of compounding periods) 60 Compounded (Y): Monthly Formula Method PV FV X 1/ (1+1/4) AN X 1/ X