For each of the following cases, indicate (a) what interest rate columns and (b) what number of periods you would refer to in looking up the discount rate.

(1) In Table 3 (present value of 1):

Annual Rate Number ofYears Involved Discounts per Year

Case A 8% 7 Annually

Case B 8% 11 Annually

Case C 10% 7 Semiannually

(a) (b)

Case A % periods

Case B % periods

Case C % periods

(2) In Table 4 (present value of an annuity of 1):

Annual rate Number of Years Involved Number of Payments Involved Frequency of Payments

Case A 9% 15 15 Annually

Case B 10% 7 7 Annually

Case C 10% 4 8 Semiannually

(a) (b)

Case A % periods

Case B % periods

Case C % periods