Integrated Excel Problem $12-2($Static$)$ Based on Drill problem $12-8$

Amount Desired at End of Period Length of Time $($years$)$

Annual Rate

Compounded

$ $8,900\mathrm{.}0046\%$ Monthly

Required:

Complete the following using the information above and the present value table $12\mathrm{.}3$ provided in the file.

Number of compounding periods

Periodic interest rate

PV factor used

PV of amount desired at end of period