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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. $ 58,000 6.0% 6 2. 21,302 $ 72,000 18 3. 4. $ 5. 11,718 44,500 10.0% 64,134 $ 145,000 14 11,354 8.0% 7
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