For each of the following cases, indicate (a) to what rate columns, and (b) to what...

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 Rate	Number of Years Invested	Compounded	(a) Rate of Interest		(b) Number of Periods
a.	11%	10	Annually		%
b.	12%	6	Quarterly		%
c.	10%	18	Semiannually		%

2. In a present value of an annuity of 1 table:

	Annual Rate	Number of Years Invested	Number of Rents Involved	Frequency of Rents	(a) Rate of Interest		(b) Number of Periods
a.	12%	27	27	Annually		%
b.	8%	15	30	Semiannually		%
c.	12%	7	28	Quarterly		%

Expert Solution

ekkarill92 answered 2 years ago

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