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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 Number of Years Compounded (a) Rate of Interest (b) Number of Periods Rate Invested a. 10% 9 Annually % b. 12% 6 Quarterly % c. 10% 16 Semiannually % 2. In a present value of an annuity of 1 table: (Round answers to 1 decimal place, e.g. 458,58.1.) Number Annual Number of Years Invested of Rents Frequency of Rents (a) Rate of Interest (b) Number of Periods Rate Involved a. 9% 29 29 Annually % b. 12% 16 32 Semiannually % c. 8% 6 24 Quarterly %
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