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Use this partial future value of 1 table to determine how long it will take to accumulate a future value of $1,200 assuming a present

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Use this partial future value of 1 table to determine how long it will take to accumulate a future value of $1,200 assuming a present amount of $987 and an interest rate of 5 percent. 1 year 2 years 3 years 4 years 5 years 6 years 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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