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

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,...