Using Excel or a spreadsheet of your choice, create interest-time factor tables, similar to Table 20.9, that can be used for i = 8.5% compounding monthly.

What will be an ideal response?


The monthly interest rate: i = 8.5/12 =0.708333%

The Interest-Time Factors for i =0.7083333333%





The Interest-Time Factors for i =0.7083333333% (continued)

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Fill in the blank(s) with the appropriate word(s).

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