Knowledge Check 01 Periods 1% 2% 3% 1 4% 0.9901 0.9804 0.9709 0.9615 0.9803 0.9612 0.9426 0.9246 0.9706 8.9423 0.9151 0.8890 0.9610 0.9238 0.8885 0.8548 2 3 4 5 0.9515 0.9507 0.8626 0.8219 Use this partial present value of 1 table to determine the present value of $400,000 assuming an interest rate of 3 percent and 4 periods? $400,000 $450,197 $355,400 $300,000