Find the present value that will grow to $30,000 if interest is 3% compounded quarterly for 16 quarters. The present value is $ (Round to the nearest cent as needed.)Find the present value that will grow to $3000 if the annual interest rate is 8.5% compounded quarterly for 7 yr. The present value is $ (Round to the nearest cent as needed.)Find the required annual interest rate to the nearest tenth of a percent for $1200 to grow to $1600 if interest is compounded quarterly for 8 yr. The required annual interest rate is %. (Round to the nearest tenth as needed.)5 x + W + - - - . By using more terms a more accurate approximation for 9" can be obtained Use he terms shown, and replace x with 0.6 In approximate a D 57 Check The rault with a calculator. X In calculus, 2 =1 +x + 2. e D 6 m (Round to Three decimal places as needed.)