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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 Invested Compounded (a) Rate of Interest (b) Number of Periods a. 10% 10 Annually 10 % 10 b. 8% 5 Quarterly 2 % 20 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. 9% 30 30 Annually 9 % 30 b. 10% 16 32 Semiannually % 32 8% 7 28 Quarterly % 28
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