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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
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: Annual Rate Number of Years Compounded (a) Rate of Interest Invested a. 11% 11 Annually b. 8% 8 Quarterly 11 % (b) Number of Periods 11 2 % 32 32 C. 8% 16 Semiannually 4 % 32 2. In a present value of an annuity of 1 table: (Round answers to 1 decimal place, e.g. 458,58.1.) Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (b) Number of Periods a. 11% 25 25 Annually b. 8% 16 32 2 Semiannually 11 % 25 4 % 32 C. 8% 7 28 Quarterly 2 N % 28 Your answer is incorrect. What is the future value of 15 periodic payments of $24,000 each made at the end of each period and compounded at 10%? (Round answer to O decimal places, e.g. 458,581.) Future value $
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