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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. (i= 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 Future Value i n 1. $ 4.5% 9 80,000 94,000 2. $ 31,841 $ 16 3. $ 15,762 $ 50,000 8.0% 4. $ S 200,000 10 84,482 13,291 5. $ 9.0% 15
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