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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 Future Value i n
1. $44,000 9.0% 7
2. $37,026 $57,000 2.0% 11
3. $15,901 $41,000 7.0%
4. $35,417 $110,000 10
5. $15,189 6.0% 14
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