For each of the following cases, indicate

(a) what interest rate columns and

(b) what number of periods you would refer to in looking up the discount rate.

(1) In Table 3 (present value of 1): LO15 Annual Number of Discounts Rate Years Involved per Year Case A 12% 7 Annually Case B 8% 11 Annually Case C 10% 8 Semiannually

(2) In Table 4 (present value of an annuity of 1):

Annual Number of Number of Frequency of Rate Years Involved Payments Involved Payments Case A 10% 20 20 Annually Case B 10% 7 7 Annually Case C 6% 5 10 Semiannually