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Knowledge Check 01 Periods1%2%3%4%5%01.00001.00001.00001.00001.000011.01001.02001.03001.04001.050021.02011.04041.06091.08161.102531.03031.06121.09271.12491.157641.04061.08241.12551.16991.215551.05101.10411.15931.21671.276361.06151.12621.19411.26531.3401 Use this partial future value of 1 table to determine the interest rate needed to accumulate a future value of $1,500
Knowledge Check 01
Periods1%2%3%4%5%01.00001.00001.00001.00001.000011.01001.02001.03001.04001.050021.02011.04041.06091.08161.102531.03031.06121.09271.12491.157641.04061.08241.12551.16991.215551.05101.10411.15931.21671.276361.06151.12621.19411.26531.3401
Use this partial future value of 1 table to determine the interest rate needed to accumulate a future value of $1,500 on a present value of $1,414 over a period of 2 years.
- 1%
- 2%
- 3%
- 4%
- 5%
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