BE2 Using future value tables. LO2, 3 For each of the following cases, indicate

(a) to what interest rate columns and

(b) to what number of periods you would refer in looking up the future value factor.

1. In table 1 (future value of 1):

Annual rate Number of years invested Compounded

(a) 6% 5 Annually

(b) 5% 3 Half-yearly 2. In table 2 (future value of an annuity of 1):

Annual rate Number of years invested Compounded

(a) 5% 10 Annually

(b) 4% 6 Half-yearly