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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
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 12.0% 1. 6 12 2. Present Value Future Value $ 42,000 30,626 $ 55,000 $ 22,615 $ 40,500 $ 41,047 $ 105,000 20,511 3. 6.0% 4. 9 5. 5.0% 15
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