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. 8% 8 Quarterly % c. 10% 19 Semiannually % 2. In a present value of an annuity of 1 table: (Round answers to 1 decimal place, e.g. 458,58.1.) Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (b) Number of Periods a. 12% 30 30 Annually % b. 11% 16 32 Semiannually % c. 12% 8 32 Quarterly %
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. 8% 8 Quarterly % c. 10% 19 Semiannually % 2. In a present value of an annuity of 1 table: (Round answers to 1 decimal place, e.g. 458,58.1.) Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (b) Number of Periods a. 12% 30 30 Annually % b. 11% 16 32 Semiannually % c. 12% 8 32 Quarterly %
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 7MC
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Question
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
|
Annual Rate
|
Number of Years Invested
|
Compounded
|
(a) Rate of Interest
|
(b) Number of Periods
|
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
a.
|
11% | 10 | Annually |
%
|
|||||||
|
b.
|
8% | 8 | Quarterly |
%
|
|||||||
|
c.
|
10% | 19 | Semiannually |
%
|
2. In a present value of an
|
Annual Rate
|
Number of Years Invested
|
Number of Rents Involved
|
Frequency of Rents
|
(a) Rate of Interest
|
(b) Number of Periods
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
a.
|
12% | 30 | 30 | Annually |
%
|
||||||||
|
b.
|
11% | 16 | 32 | Semiannually |
%
|
||||||||
|
c.
|
12% | 8 | 32 | Quarterly |
%
|
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