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Exercise 5-1 (Algo) Future value; single amount [LO5-2] Determine the future value of the following single amounts (FV of $1, PV of $1, FVA
Exercise 5-1 (Algo) Future value; single amount [LO5-2] Determine the future value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.): Invested Amount i = n = Future Value 1. $ 15,500 5% 12 2. $ 23,000 5% 6 3. $ 35,000 11% 18 4. $ 56,000 6% 14
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