If the Number of Periods Is Known, the Interest Rate

question 37

Multiple Choice

If the number of periods is known, the interest rate is determined by

• A) dividing the future value by the present value and looking for the quotient in the future value of 1 table.
• B) dividing the future value by the present value and looking for the quotient in the present value of 1 table.
• C) dividing the present value by the future value and looking for the quotient in the future value of 1 table.
• D) multiplying the present value by the future value and looking for the product in the present value of 1 table.

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Definitions:

Chronological Order

An arrangement of events in the order they occurred in time.

Long Sentences

Written or spoken expressions that are extended in length, potentially making them harder to read or understand.

Complex Ideas

Concepts or thoughts that involve multiple interconnected elements, requiring significant understanding or analysis.

Telepathic

Relating to the supposed ability to communicate thoughts directly from one mind to another without speaking or writing.