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From the interest tables in the text, determine the values of the following factors by interpolation, and compare your answers with those obtained by evaluating the
F/Pfactor or theP/Ffactor:
(a) The single-payment compound-amount factor for 38 periods at 9.5% interest
(b) The single-payment present-worth factor for 47 periods at 8% interest
(a)single-payment compound-amount factor (F/P, i , N ) = = [1+0.095]^38 = 31.48 (b)…

t present-worth factor (P/F, i , N ) = = 1/ [1+0.08]^47 = 0.0268


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