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Complete the following using the present value formula or financial calculator (Do not round intermediate calculations. Round the Periodic rate to the nearest hundredth percent.

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Complete the following using the present value formula or financial calculator (Do not round intermediate calculations. Round the "Periodic rate" to the nearest hundredth percent. Round your final answer to the nearest cent.) Rate Compounded Amount desired at Length of time end of period 10.800 6 years Period used Periodic rate PV of amount desired at end of period 9% Monthly

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