For each of the following cases, indicate (a) What interest rate columns (b) What number of periods

Question:

For each of the following cases, indicate

(a) What interest rate columns

(b) What number of periods you would refer to in looking up the future value factor.

(1) In Table 1 (future value of 1):

Annual Number of Compounded Annually Semiannually Rate Years Invested Case A 5% Case B 12% 34

(2) In Table 2 (future value of an annuity of 1):

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,... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...

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