Using computer software as assigned by your course instructor, develop a program that will allow you to quickly compute the discrete interest factor shown in Table 2.2. Use this program to calculate the interest factors for a nominal annual interest rate of 4.5% compounded monthly for a period of four years. Express the interest factors to six decimal places. The program that you develop will be helpful in finding interest factors for other problems in this chapter.

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TABLE 2.2 Interest Factors for Discrete Compounding Name Converts Single Payment Compound Amount Present Worth Uniform Series Sinking Fund Compound Amount Capital Recovery Uniform Series Present Worth Gradient Present Worth P to F F to P F to A A to F P to A A to P G to P Symbol (n) Computed by (1+i)" (1 + i)-* i (1+i)"-1 (1+i)"-1 i(1+i)" (1+i)"-1 (1+i)"-1 i(1+i)" 11 (1+i)"-1 (1+i) i(1+i)"