Question
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 Invested
Compounded
(a) Rate of Interest
(b) Number of Periods
a.10%10Annuallyenter percentages
%
enter the number of periods
b.8%5Quarterlyenter percentages
%
enter the number of periods
c.8%16Semiannuallyenter percentages
%
enter the number of periods
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.9%3030Annuallyenter percentages
%
enter the number of periods
b.10%1632Semiannuallyenter percentages
%
enter the number of periods
c.8%728Quarterlyenter percentages
%
enter the number of periods
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