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