ACTG 2020 Lecture Notes - Lecture 3: Financial Statement
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14 Jun 2016
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For each of the following cases, indicate (a) what interest rate columns and (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 Rate | Numbers of Years Invested | Compounded | |
Case A | 5% | 2 | Annually |
Case B | 10% | 5 | Semiannually |
(a) | (b) | |
Case A | __________% | __________ periods |
Case B | __________% | __________ periods |
2.) In Table 2 (future value of an annuity of 1)
Annual Rate | Number of Years Invested | Compounded | |
Case A | 4% | 4 | Annually |
Case B | 8% | 8 | Semiannually |
(a) | (b) | |
Case A | __________% | __________ periods |
Case B | __________% | __________ periods |