If a compound interest rate table reveals that the future value of 1 after 18 years at a 5% rate of interest is 2.40662, to what amount will $1,500 grow by the end of 18 years if it is invested at a compound annual rate of interest of 5%?If you were to solve the problem accurately by using an electronic calculator with finance functions, all the following statements would be correct, EXCEPT:

		18 would be entered as the value of n.
		$1,500 would be entered as the present value.
		2.40662 would be entered as the interest rate.
		$3,609.93 would be computed as the future value.