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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 n Future Value $ 62,000 i 5.0% 1. 4 2. $ 28,644 $ 76,000 20 3. $ 11,758 $ 45,500 7.0% 4. $ $ 155,000 68,822 13,796 12 10 5. $ 8.0%
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