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.
Answer: a. dividing the future value by the present value and looking for the quotient in the future value of 1 table.
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