Complete the following using present value Table $12\mathrm{.}3$ or the present value table in the Business Math Handbook.

LU $12-2(2)$

Amount desired at end of period

Length of time

Rate

On PV Table $12\mathrm{.}3$

Rate used

PV

factor used

PV of amount desired at end of period

Compounded

Period used

$12-7.$ $$6,000$

$8$ years

$3\%$

Semiannually