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

Amount desired at end of period: $19,300

Length of time: 5 years

Rate: 8%

Compounded: Quarterly

Period used: ________

Rate used:_____%

PV factor used:_______

PV of amount desired at end of period: ______