1 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 2 Today you invested $1,000 in your bank account Next year you plan to invest $3,000 in the account How much will you have in the account in two years if the bank pays interest at the rate of 9 $3,593 97 $4,859 33 $4,090 00 $4,458 10 $3,917 43

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Question: 1. Using the basic formula for present value along with the given discount rate, i, and number of periods, n, calculate the present value interest

1. 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

2. Today you invested $1,000 in your bank account. Next year you plan to invest $3,000 in the account. How much will you have in the account in two years if the bank pays interest at the rate of 9%?

$3,593.97
$4,859.33
$4,090.00
$4,458.10
$3,917.43

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