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

Amount at end of period: $7600

Length of time: 6 years:

Rate: 2%

Compounded: Semiannually

Period used: 16

Find:

Rate used

PV Factor Used

PV of amount desired at end of period