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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 n =
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. $ 46,000 4.0% 8 2. $ 32,854 $ 59,000 12 3. $ 13,083 $ 41,500 8.0% 4. $ 40,306 $ 115,000 11 5. $ 11,608 7.0% 13
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