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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
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.) n i 10% 1. 5 10 2. Present Value Future Value $ 40,000 $ 36,289 $ 65,000 $ 15,884 $ 40,000 46,651 $ 100,000 $ 15,376 3. 8% 4. 8 AGA 5. 7% 20
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