Using computer software as assigned by your course instructor, develop a program that will allow you to quickly compute the discrete interest factor shown in Table 2.2. Use this program to calculate the interest factors for a nominal annual interest rate of 4.5% compounded monthly for a period of four years. Express the interest factors to six decimal places. The program that you develop will be helpful in finding interest factors for other problems in this chapter.

TABLE 2.2 Interest Factors for Discrete Compounding Name Converts Single Payment Compound Amount Present Worth Uniform Series Sinking Fund Compound Amount Capital Recovery Uniform Series Present Worth Gradient Present Worth P to F F to P F to A A to F P to A A to P G to P Symbol (n) Computed by (1+i)" (1 + i)-* i (1+i)"-1 (1+i)"-1 i(1+i)" (1+i)"-1 (1+i)"-1 i(1+i)" 11 (1+i)"-1 (1+i) i(1+i)"