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QS B-1 Identifying interest rates in tables LO C1 Assume that you must make two-year-ahead...

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Accounting

QS B-1 Identifying interest rates in tables LO C1

Assume that you must make two-year-ahead future value estimates using the future value of 1 table (FV of $1) Which interest rate column do you use when working with the following rates? (Round percentage answers to 2 decimal places.)

Interest RateNo. of Periods1.10% annual rate, compounded quarterly82.12% annual rate, compounded annually23.6% annual rate, compounded semiannually44.12% annual rate, compounded monthly24

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