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Exercise 5-5 (Algo) Solving for unknowns; single amounts (L05-4) For each of the following situations involving single amounts, solve for the unknown. Assume that interest
Exercise 5-5 (Algo) Solving for unknowns; single amounts (L05-4) For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (= 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.) n 1 8.0% 1 9 2. 10 Present Value Future Value $ 72,000 $ 43,718 $ 86,000 $ 13,720 $ 48,000 $ 51.746 $ 180,000 $ 22,649 3. 11.0% 11 5 9.0% 15
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