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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.)
n 1. 10.0% 8 2. 12 Present Value Future Value $ 74,000 $ 34,946 $ 88,000 $ 15,820 $ 48,500 $ 47,486 $ 185,000 $ 22,120 3. 9.0% 4. 12 5. 10.0% 14Step by Step Solution
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