For each of the following situations involving single amounts, solve for the unknown. Assume that interest...
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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 = 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. $ 54,000 8.0% 8 2. $ 17,127 $ 68,000 16 3. $ 10,117 $ 43,500 20.0% 4. $ 42,558 $ 135,000 15 5. $ 10,378 7.0% 9 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. $ 54,000 8.0% 8 2. $ 17,127 $ 68,000 16 3. $ 10,117 $ 43,500 20.0% 4. $ 42,558 $ 135,000 15 5. $ 10,378 7.0% 9
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