For each of the following cases, indicate(a) To what interest rate columns and(b) To what number of

Question:

For each of the following cases, indicate(a) To what interest rate columns and(b) To what number of periods you would refer in looking up the discount rate.(1) In Table 3 (present value of 1):

(2) In Table 4 (present value of an annuity of1):

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...