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Exercise 5-5 (Algo) Solving for unknowns; single amounts [LO5-4] 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 [LO5-4] 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) (EV 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 Future Value A n 1. $ 76,000 11.0% 7 2 $ 26,933 $ 90,000 14 3 $ 17.670 $ 49,000 12.0% 4. $ 39,710 $ 190,000 15 5. $ 24,439 11.0% 12
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