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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
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 | 64,000 | 12% | 10 | |
2 | 27327 | 78000 | 18 | |
3 | 17826 | 46 | 9.0 | |
4 | 50439 | 160000 | 15 | |
5 | 12064 | 8.0 | 11 |
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