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Assume that you must estimate what the future value will be two years from today using the future value of 1 table. (PV of
Assume that you must estimate what the future value will be two years from today using the future value of 1 table. (PV of $1, EV of $1 PVA of $1 and EVA of$1) Which interest rate column and number-of-periods row do you use when working with the following rates? (Round percentage answers to 2 decimal places.) Answer is complete but not entirely correct. 1.12% annual rate, compounded annually 2.8% annual rate, compounded semiannually 3.12% annual rate, compounded quarterly 4.12% annual rate, compounded monthly Interest Rate Number of Periods 12.00% 20 2.00% 40 3.00% 10 1.00 % 24 Megan Brink is offered the possibility of investing $8,205 today at 9% interest per year in a desire to accumulate $15,000. How many years must Brink wait to accumulate $15,000? (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and final answer to the nearest whole number.) Present Value Future Value P (PV of a Single Amount) Years years
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