N8

Drill Problem 12-7 (Algo) [LU 12-2 (2)] Complete the following using present value. {Use the Table provided.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor\" to 4 decimal places and fl na answer to the nearest cent.) (In W Table 12.3 Amount L th F . d PU of amount desired at [911.9 Rate Compounded em; Rate used PV factor used desired at end of period 0 Ime use end at period ll "LOGO 3 years 5 \"xi: semiannually