Using the appropriate table, find the compound factor for each of the following combinations of interest rate per period and number of compounding periods:
|
Number of Periods |
Interest Rate per Period |
Compound Factor |
|
2 |
2% |
________ |
|
4 |
3% |
________ |
|
3 |
4% |
________ |
|
6 |
8% |
________ |
|
8 |
6% |
________ |