Complete the following using present value. (Use the following provided Table 12.3.) (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.)

Amt. desired at end of period - $18,900

Length of time 5 years

Rate - 8% Compounded Quarterly

Period Used? Rate Used %? PV Factor Used? PV of amount desired at the end of the period? $_________

PV of amount desired at the end of the period? $_________