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Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the Rote used to the nearest tenth percent.

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Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rote used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) $ Amount desired at end of period On PV Table 12.3 Length of time Rate Compounded Period used Rate used PV factor used 8,000 6 years 6% semiannually PV of amount desired at end of period

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