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Exercise 5-13 (Algo) Solving for unknowns; annuities (LO5-9) For each of the following situations involving annuities, solve for the unknown. Assume that Interest is compounded
Exercise 5-13 (Algo) Solving for unknowns; annuities (LO5-9) For each of the following situations involving annuities, solve for the unknown. Assume that Interest is compounded annually and that all annulty amounts are received at the end of each period. (r= Interest rate, and n= number of years) (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.) Present Value S 4 Annuity Amount $ 2.200 1. 8% 5 2. 558,885 145.000 4 3. 9% 480,945 520,000 240,000 190.000 72,523 4. 8 5. 10% 4
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