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Exercise 6-01 For each of the following cases, indicate (a) to what rate columns, and (b) to what number of periods you would refer in
Exercise 6-01 For each of the following cases, indicate (a) to what rate columns, and (b) to what number of periods you would refer in looking up the interest factor. 1. In a future value of 1 table: (a) Rate of Interest (b) Number of Periods Annual Rate Number of Years Invested Compounded 11% 11 Annually a. % b. 12% 7 Quarterly % C. 12% 19 Semiannually % 2. In a present value of an annuity of 1 table: (Round answers to 1 decimal place, e.g. 458,58.1.) (a) Rate of Interest (b) Number of Periods a. % Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents 10% 25 25 Annually 11% 14 28 Semiannually 12% 6 24 Quarterly b. % C. %
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