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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. (1 = 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.) 1 1 5.5% 5 + 2 19 Present Value Future Value $ 45,908 $ 60,000 $ 17.147 $ 74,000 $ 20,719 $ 45,000 $ 79,548 $ 150,000 $ 13,542 9.0% ces 4 13 5 7.0% 6
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