
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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. 9% | 9 | Annually | ||
b. 12% | 5 | Quarterly | ||
c. 10% | 15 | Semiannually |
2. In a present value of an annuity of 1 table:
Annual Rate |
Number of Years Involved |
Number of Rents Involved |
Frequency of Rents |
|||
a. 9% | 25 | 25 | Annually | |||
b. 10% | 15 | 30 | Semiannually | |||
c. 12% | 7 | 28 | Quarterly |
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