The following are a number of values taken from compounding interest tables involving the same number of periods and the same rate of interest. Indicate what each of these four values represents.

a) 7.32548

b) 1.17166

c) 0.85349

d) 8.58297

a) 7.32548 present value of an ordinary annunity at 2% for 8 periods

b) 1.17166 ______________________________ at 2% for 8 periods

c) 0.85349 ______________________________ at 2% for 8 periods

d) 8.58297 future value of an ordinary annunity at 2% for 8 periods