Using provided data, solve for present value. When calculating 1/(1+I/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+I/Y) and then enter the result rounded to two decimal places.

Facts FV: $140,000 Annual Interest Rate: 1246 I/Y: ni: (Number of years) N: (Number of compounding periods) Compounded (Y): Monthly Formula Method PV = FV 11 (1+I/Y) AN