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Activity 1.c Solving for Interest Rate, Single Sum Using Tables Using provided data, solve for number of compounding periods. Use the N values when looking

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Activity 1.c Solving for Interest Rate, Single Sum Using Tables Using provided data, solve for number of compounding periods. Use the N values when looking up the factor in the tables. Do NOT use the annual values. TVM Tables Chick links to access) Buture Value of 1 Nesent Value os e Value of Odrancy Anty Present Value of an ordinary Annuity Future of an Anity Duc Present Value of any Due Facts $133.000 PV $270.362 FV: 2.033 Annual Interest Rate .0007 1/4 2 n: [Number of years) 24 N: (Number of compounding periods) Compounded (Y) Monthly Table Method Factor FV PV 2.033 270362 133000 Monthly interest Rate 2.033 Annual interest Rate 0007

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