exercise 6 1 for each of the following cases indicate a to what rate columns and b t 3627164
Exercise 6-1
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. | 9% | 9 | Annually | [removed] | % | [removed] | |||||
b. | 12% | 5 | Quarterly | [removed] | % | [removed] | |||||
c. | 10% | 15 | Semiannually | [removed] | % | [removed] |
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. | 9% | 25 | 25 | Annually | [removed] | % | [removed] | ||||||
b. | 10% | 15 | 30 | Semiannually | [removed] | % | [removed] | ||||||
c. | 12% | 7 | 28 | Quarterly | [removed] | % | [removed] |
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