Principal: $17,900 Interest rate: 24% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) Effective rate % Future value interest factor of $1 per period at i% for n periods, FVIF(i,n). Period 0.5% 1.0% 1.5% 2.0% 25% 3.0% 1 1.0050 1.0100 10150 1.0200 1.0250 1.0300 2. 1,0100 1.0201 1.0302 1.0404 1.0506 1.0609 3 1.0151 1.0303 1.0457 1.0612 1.0769 1.0927 4 1.0202 1.0406 1.0614 1.0824 1.1038 1.1255 5 1.0253 1.0510 1.0773 1.1041 1.1314 1.1593 6 1.0304 1.0615 1.0934 1.1262 1.1597 1.1941 7 1.0355 1.0721 1.1098 1.1487 1.1887 1.2299 8 1.0407 1.0829 1.1265 1.1717 1.2184 1.2668 9 1.0459 1.0937 1.1434 1.1951 1.2489 1.3048 10 1.0511 1.1046 1.1605 1.2190 1.2801 1.3439 11 1.0564 1.11571.1779 1.2434 1.3121 1.3842 12 1.0617 1.12681.1956 1.2682 1.3449 1.4258 13 1.0670 1.1381 1.2136 1.2936 1.3785 1.4685 14 1.0723 1.1495 12318 1.3195 1.4130 1.5126 15 1.07771.1610 1.2502 1.3459 1.4483 1.5580 16 1.0831 1.1726 1.2690 1.3728 1.4845 1.6047 17 1.0885 1.1843 1.2880 1.4002 1.5216 1.6528 18 1.0939 1.1961 1.3073 1.4282 1.5597 1.7024 19 1.0994 1.2081 1.3270 1.4568 1.5987 1.7535 20 1.1049 1.2202 1.3469 1.4859 1.6386 1.8061 21 1.1104 1.2324 1.3671 1.5157 1.6796 1.8603 22 1.116012447 1.3876 1.5450 1.7216 1.9161 23 1.1216 1.2572 1.4084 1.5769 1.7646 1.9736 24 1.1272 12697 1.4295 1.6084 1 8087 2.0328 25 1.1328 1.2824 1.4509 1.6406 1.8539 2.0938 26 1.1385 12953 1.4727 1.6734 1.9003 2.1566 27 1.14421.3082 1.4948 1.7069 1.9478 2.2213 28 1.1499 1.32131.5172 1.7410 1.9965 2.2879 29 1.1556 1.3345 1.5400 1.7758 2.0464 2.3566 30 1.1614 1.3478 1.56311.8114 2.0976 2.4273 31 1.1672 1.3613 1.5865 1.8476 2.1500 2.5001 32 1.1730 1.3749 1.6103 1.8845 22038 2.5751 33 1.1789 1.3887 1.6345 1.9222 22589 2.6523 34 1.1848 1.4026 1.6590 1.9607 2.3153 2.7319 35 1.1907 1.4166 1.6839 1.9999 23732 2.8139 36 1.1967 1.4308 1.7091 20399 2.4325 28983 37 1.2027 1.4451 1.7348 2.0807 2.4933 2.9852 38 1.2087 1.4595 1.7608 2.1223 2.5557 3.0748 39 1.2147 1.4741 1.7872 2.1647 26196 3.1670 40 1.2208 1.4889 1.8140 2 2080 26851 32620 41 1.2269 1.5038 1.8412 22522 2.7522 3.3599 42 1.2330 1.5188 1.8688 2 2972 2.8210 3.4607 43 1.2392 1.5340 1.8969 23432 2.8915 3.5645 44 1.2454 1.5493 1.9253 3901 2.9638 3.6715 45 1.2516 1.5648 1.9542 2.4379 3.0379 3.7816 46 1.2579 1.5805 1.9835 24866 3.1139 3.8950 47 1.2642 1.5963 2.0133 2.5363 3.1917 4.0119 48 1.2705 1.6122 20435 25871 3.2715 4.1323 49 1 2768 1.6283 2.0741 2.6388 3.3533 4.2562 50 1.2832 1.5446 2.1052 2.6916 3.4371 4.3839 3.5% 1.0350 1.0712 1.1087 1.1475 1.1877 1.2293 1.2723 1.3168 1.3629 1.4106 1.4600 1.5111 1.5640 1.6187 1.6753 1.7340 1.7947 1.8575 1.9225 1.9898 2.0594 2.1315 22061 2.2833 2.3632 2.4460 2.5316 26202 2.7119 2.8068 2.9050 3.0067 3.1119 32209 3.3336 3.4503 3.5710 3.6960 3.8254 3.9593 4.0978 4 2413 4.3897 4.5433 4.7024 4.8669 50373 52136 5.3961 5.5849 4.0% 4.5% 1.0400 1.0450 1.0816 1.0920 1.1249 1.1412 1.1699 1.1925 1.2167 1.2462 1.2653 1.3023 1.3159 1.3609 1.3686 1.4221 1.4233 1.4861 1.4802 1.5530 1.5395 1.6229 1.6010 1.6959 1.6651 1.7722 1.7317 1.8519 1.8009 1.9353 1.8730 2.0224 1.9479 2.1134 2.0258 2.2085 2.1068 2.3079 2.1911 2.4117 22788 2.5202 2.3699 2.6337 2.4647 2.7522 2.5633 2.8760 2.6658 3.0054 2.7725 3.1407 2.8834 3.2820 2.9987 3.4297 3.1187 3.5840 3.2434 3.7453 3.3731 3.9139 3.5081 4.0900 3.6484 4.2740 3.7943 4.4664 3.9461 4.6673 4.1039 4.8774 4.2681 5.0969 4.4388 5.3262 4.6164 5.5659 4.8010 5.8164 4.9931 6.0781 5.1928 6.3516 5.4005 6.6374 5.6165 6.9361 5.8412 7 2482 6.0748 7.5744 6.3178 79153 6.5705 8 2715 6.8333 8.6437 7.1067 9.0326 5.0% 1.0500 1.1025 1.1576 1.2155 1.2763 1.3401 1.4071 1.4775 1.5513 1.6289 1.7103 1.7959 1.8856 1.9799 2.0789 2.1829 2.2920 2.4066 2.5270 2.6533 2.7860 2.9253 3.0715 3.2251 3.3864 3.5557 3.7335 3.9201 4.1161 4.3219 4.5380 4.7649 5.0032 5.2533 5.5160 5.7918 6.0814 6.3855 6.7048 7.0400 7.3920 7.7616 8.1497 8.5572 8.9850 9.4343 9.9060 10.4013 10 9213 11.4674 5,5% 1.0550 1.1130 1.1742 1.2388 1.3070 1.3788 1.4547 1.5347 1.6191 1.7081 1.8021 1.9012 2.0058 2.1161 2.2325 2.3553 2.4848 2.6215 2.7656 2.9178 3.0782 3.2475 3.4262 3.6146 3.8134 4.0231 4.2444 4.4778 4.7241 4.9840 5.2581 5.5473 5.8524 6.1742 6.5138 6.8721 7.2501 7.6488 8.0695 8.5133 8.9815 9.4755 9.9967 10.5465 11.1266 11.7385 12.3841 13.0653 13.7838 14.5420 6.0% 1.0600 1.1236 1.1910 1.2625 1.3382 1.4185 1.5036 1.5938 1.6895 1.7908 1,8983 20122 2.1329 2.2609 2.3966 2.5404 26928 2.8543 3.0256 3.2071 3.3996 3.6035 3.8197 4.0489 4.2919 4.5494 4.8223 5.1117 5.4184 5.7435 6.0881 6.4534 6.8406 72510 7.6861 8.1473 8.6361 9.1543 9.7035 10.2857 10.9029 11.5570 12.2505 12.9855 13.7646 14.5905 15 4659 16.3939 17 3775 18.4202 6.5% 7.0% 1.0650 1.0700 1.1342 1.1449 1.2079 1.2250 1.2865 1.3108 1.3701 1.4026 1.4591 1.5007 1.5540 1.6058 1.6550 1.7182 1.7626 1.8385 1.8771 1.9672 1.9992 2.1049 2.1291 22522 22675 2.4098 2.4149 2.5785 2.5718 2.7590 2.7390 2.9522 2.9170 3.1588 3.1067 3.3799 3.3086 3.6165 3.5236 3.8697 3.7527 4.1406 3.9966 4.4304 4.2564 4.7405 4.5331 5.0724 4.8277 5.4274 5.1415 5.8074 5.4757 6.2139 5.8316 6.6488 6.2107 7.1143 6.6144 7.6123 7.0443 8.1451 7.5022 8.7153 7.9898 9.3253 8.5092 9.9781 9.0623 10.6766 9.6513 11.4239 10.2786 12.2236 10.9467 13.0793 11.6583 13.9948 12.4161 14.9745 13.2231 16.0227 14.0826 17,1443 14.9980 15.9729 19.6285 17.0111 21.0025 18.1168 22.4726 19 2944 24.0457 205485 25.7289 21.8842 27.5299 23.3067 29.4570 7.5% 1.0750 1.1556 1.2423 1.3355 1.4356 1.5433 1.6590 1.7835 1.9172 2.0610 2.2156 2.3818 2.5604 2.7524 2.9589 3.1808 3.4194 3.6758 3.9515 4.2479 4.5664 4.9089 5.2771 5.6729 6.0983 6.5557 7.0474 7.5759 8.1441 8.7550 9.4116 10.1174 10.8763 11.6920 12.5689 13.5115 14.5249 15.6143 16.7853 18.0442 19.3976 20.8524 22.4163 24.0975 25.9048 27.8477 29.9363 32. 1815 34.5951 37.1897 8.0% 8.5% 9.0% 9.5% 10.09 1.0800 1.0850 1.0900 1.0950 1.1000 1.1664 1.1772 1.1881 1.1990 1.2100 1.2597 12773 1.2950 1.3129 1.3310 1.3605 1.3859 1.4116 1.4377 1.4641 1.4693 1.5037 1.5386 1.5742 1.6105 1.5869 1.6315 1.6771 1.7238 1.7716 1.7138 1.7701 1.8280 1.8876 1.9487 1.8509 1.9206 1.9926 2.0669 2.1436 1.9990 2.0839 2.1719 22632 2.3579 2.1589 22610 2.3674 2.4782 2.5937 2.3316 2.4532 25804 2.7137 2.8531 2.5182 2.6617 2.8127 2.9715 3.1384 2.7196 2.8879 3.0658 3.2537 3,4523 29372 3.1334 3.3417 3.5629 3.7975 3.1722 3.3997 3.6425 3.9013 4.1772 3.4259 3.6887 3.9703 4.2719 4.5950 3.7000 4.0023 4.3276 4.6778 5.0545 3.9960 4.3425 4.7171 5.1222 5.5599 4.3157 4.7116 5.1417 5.6088 6.1159 4.6610 5.1120 5.6044 6.1416 6.7275 5.0338 5.5466 6.1088 6.7251 7.4002 5.4365 6.0180 6.6586 73639 8.1403 5.8715 6.5296 7.2579 8.0635 8.9543 6.3412 7.0846 7.9111 8.8296 9.8497 6.8485 7.6868 8.6231 9.6684 10.8347 7.3964 8.3401 9.3992 10.5869 11.9182 7.9881 9.0490 10.2451 11.5926 13.1100 8.6271 9.8182 11.1671 12.6939 14.4210 9.3173 10.6528 12.1722 13.8998 15.8631 10.0627 11.5583 13.2677 15.2203 17.4494 10.8677 12.5407 14.4618 16.6662 19.1943 11.7371 13.6067 15.7633 18.2495 21.1138 12.6760 14.7632 17.1820 19.9832 23 2252 13.6901 16.0181 18.7284 21.8816 25.5477 14.7853 17.3796 20.4140 23.9604 28.1024 15.9682 18.8569 22 2512 26.2366 30.9127 17.2456 20.4597 24.2538 28.7291 34 0039 18.6253 22.1988 26.4367 31.4584 37.4043 20.1153 24.0857 28.8160 34.4469 41.1448 21.7245 26.1330 31.4094 37.7194 45.2593 23.4625 28.3543 34 2363 41.3027 49.7852 25.3395 30.7644 37.3175 45 2265 54.7637 27.3666 33.3794 40.6761 49.5230 60.2401 29.5560 36.2167 44.3370 54 2277 66.2641 31.9204 39.2951 48.3273 59.3793 72.8905 34.4741 42.6352 52.6767 65.0204 80 1795 372320 46.2592 57.4176 71.1973 88.1975 40.2108 50.1912 62 5852 77.9611 97.0172 43.4274 54.4574 68 2179 85.3674 106.7190 46.9016 59.0863 74.3575 93.4773 117.3909 18.3444