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...

Extracted text: 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.) On PV Table 12.3 Amount PV of amount Length of time Period desired at Rate Compounded Rate used PV factor used desired at used end of period end of period $ 6,400 8 years 8 % semiannually