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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

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. (Round percentages to 1 decimal place, e.g. 15.1%.) (1) In Table 3 (future value of 1):

Annual Rate

Number of Years Involved

Discounts per Year

Case A

10% 8 Annually

Case B

10% 10 Semianually

Case C

8% 10 Semiannually

(a)

(b)

Case A

enter an interest rate for annual discount for case A %

enter a number of periods for annual discount for case A periods

Case B

enter an interest rate for annual discount for case B %

enter a number of periods for annual discount for case B periods

Case C

enter an interest rate for semiannual discount for case C %

enter a number of periods for semiannual discount for case C periods

(2) In Table 2 (future value of an annuity of 1):

Annual Rate

Number of Years Involved

Number of Payments Involved

Frequency of Payments

Case A

8% 19 19 Annually

Case B

8% 5 5 Annually

Case C

10% 5 10 Semiannually

(a)

(b)

Case A

enter an interest rate for annual frequency of payments for case A %

enter a number of periods for annual frequency of payments for case A periods

Case B

enter an interest rate for annual frequency of payments for case B %

enter a number of periods for annual frequency of payments for case B periods

Case C

enter an interest rate for semiannual frequency of payments for case C %

enter a number of periods for annual frequency of payments for case C periods

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