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 final answer to the nearest cent.) $ Amount desired at end of period 6,900 Length of time 7 years Rate 8% Compounded semiannually On PV Table 12.3 Period used Rate used % PV factor used PV of amount desired at end of period

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