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Knowledge Check 01 Periods 0 1% 1.0000 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 2 3 4 5 6 2% 1.0000 1.0200 1.0404 1.0612 1.0824 1.1041
Knowledge Check 01 Periods 0 1% 1.0000 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 2 3 4 5 6 2% 1.0000 1.0200 1.0404 1.0612 1.0824 1.1041 1.1262 $120,000 O $146,004 $139,116 O $138,912 3% 1.0000 1.0300 1.0609 1.0927 1.1255 1.1593 1.1941 4% 1.0000 1.0400 1.0816 1.1249 1.1699 1.2167 1.2653 5% 1.0000 1.0500 1.1025 1.1576 1.2155 1.2763 1.3401 Use this partial future value of 1 table to determine the future value of $120,000 assuming an interest rate of 3 percent and 5 periods.
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