Question: 1. Using the basic formula for future value alone with the given interest rate, k, and number of periods, n, calculate the future value interest

1. Using the basic formula for future value alone with the given interest rate, k, and number of periods, n, calculate the future value interest factor (FVIF) in each of the following cases. Round to four decimal places.

Case Interest Rate, k (%) Number of Periods, n FVIF
A 10 2
B 8 4
C 6 3
D 4 2

2. Using the basic formula for present value along with the given discount rate, i, and number of periods, n, calculate the present value interest factor (PVIF) in each of the following cases.

Express you answer to three decimal points

Case Discount Rate, i (%) Number of Periods, n Present Value Interest Factor
A 5 5
B 10 3
C 12 2

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