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 enter percentages % enter the number of periods b. 8% 8 Quarterly enter percentages % enter the number of periods c. 10% 19 Semiannually enter percentages % enter the number of periods 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 enter percentages % enter the number of periods b. 11% 16 32 Semiannually enter percentages % enter the number of periods 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 enter percentages % enter the number of periods b. 8% 8 Quarterly enter percentages % enter the number of periods c. 10% 19 Semiannually enter percentages % enter the number of periods 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 enter percentages % enter the number of periods b. 11% 16 32 Semiannually enter percentages % enter the number of periods c. 12% 8 32 Quarterly
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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 future value of 1 table:
|
Annual Rate
|
Number of Years Invested
|
Compounded
|
(a) Rate of Interest
|
(b) Number of Periods
|
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
a.
|
11% | 10 | Annually |
enter percentages
|
%
|
enter the number of periods
|
|||||
|
b.
|
8% | 8 | Quarterly |
enter percentages
|
%
|
enter the number of periods
|
|||||
|
c.
|
10% | 19 | Semiannually |
enter percentages
|
%
|
enter the number of periods
|
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 |
enter percentages
|
%
|
enter the number of periods
|
||||||
|
b.
|
11% | 16 | 32 | Semiannually |
enter percentages
|
%
|
enter the number of periods
|
||||||
|
c.
|
12% | 8 | 32 | Quarterly |
enter percentages
|
%
|
enter the number of periods
|
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