3. [032 Points] DETAILS PREVIOUS ANSWERS WANEFMACG 2.2.009. MY NOTES ASK YOUR TEACHER | PRACTICE ANOTHER Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Example 2.] (Round your answer to the nearest cent.) 9 years, at 2% per year, compounded annually PV=$|:II Submit Answer 4. [01'2 Points] DETAILS PREVIOUS ANSWERS WANEFMACG 2.2.012. MY NOTES ASK YOUR TEACHER | PRACTICE ANOTHER Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Example 2.] (Round your answer to the nearest cent.) 6 years, at 5.5% per year, compounded quarterly mEx 6. [-1'2 Points] DETAILS WANEFMACG 2.2.033. MY NOTES ASK YOUR TEACHER | PRACTICE Determine the amount of money, to the nearest dollar, you must invest at 9% per year, compounded annually, so that you will be a millionaire in 34 years. 3