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For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. ( i = interest rate, and

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. $40,000 10% 5
2. $36,289 $65,000 10
3. $15,884 $40,000 8%
4. $46,651 $100,000 8
5. $15,376 7% 20

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