For each of the following (a and b) combinations of interest rates, compounding frequencies and terms, find the value of i (the interest rate per period), and n (the number of periods) that would be used in the compound interest formula.

a. 8%, quarterly compounding, 10 years

Also find the growth factor for 1 quarter, and the growth factor for the full 10 years.

b. 9%, compounding monthly, 7 years

Also find the growth factor for 1 year and the annual rate.