$\backslash$table$[[$Amount Desired at End of Period,$\backslash$table$[[$Length of Time$],[($years$)]],\backslash$table$[[$Annual$],[$Rate$]],\backslash$table$[[$Compounding$],[$periods per year$]]],[$$$19,000\mathrm{.}00,10,8\%,2]]$

Required:

Compute the present value of $$19,000$ in $10$ years, assuming an interest rate of $8\%$ compounded semiannually.

Note: Formulas must only include cell references or will be marked as incorrect.

Number of compounding periods

Periodic interest rate

PV factor used

PV of amount desired at end of period