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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
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. (Round percentages to 2 decimal places, e.g. 5,275.) (1) In Table 1 (future value of 1):
Annual Rate | Number of Years Invested | Compounded | ||||
Case A | 4% | 3 | Annually | |||
Case B | 9% | 5 | Semiannually |
(a) | (b) | |||
Case A | % | periods | ||
Case B | % | periods |
(2) In Table 2 (future value of an annuity of 1):
Annual Rate | Number of Years Invested | Compounded | ||||
Case A | 6% | 5 | Annually | |||
Case B | 12% | 6 | Semiannually |
(a) | (b) | |||
Case A | % | periods | ||
Case B | % | periods |
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