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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) Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Present Value Future Value i n 1. $ 76,000 11% 7 2. $ 26,933 $ 90,000 14 3. $ 17,670 $ 49,000 12% 9 4. $ 39,710 $ 190,000 11% 15 5. $ 24,439 11% 12
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