EY Saved Assume that you must make two-year-ahead future value estimates using the future value of 1 table (FV of $1) Which interest rate column do you use when working with the following rates? Interest Rate No. of Periods 1. 8% annual rate, compounded quarterly 2. 12% annual rate, compounded annually 3. 6% annual rate, compounded semiannually 4. 12% annual rate, compounded monthly Ken Francis is offered the possibility of investing $2,745 today, in return, he would receive $10,000 after 15 years. What is the annual rate of interest for this investment? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided Round your "PV of a single amount" to 4 decimal places and percentage answer to the nearest whole number.) Present Value 1 Future Value = P (PV of a Single Amount) Interest Rate