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For each of the following situations involving single amounts, solve for the unknown Assume that interest is compounded annually. (1- interest rate, and n=number of
For each of the following situations involving single amounts, solve for the unknown Assume that interest is compounded annually. (1- interest rate, and n=number of years) (FV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) 1 7.0% 2 Present Value Future Value $ 56,000 $ 18,919 $ 70.000 $ 11.294 $ 44,000 $ 50,743 $ 140,000 12.140 $ $ 17 3 12.0% 4 15 5 $ 7.0% 8
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