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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)

	Present Value	Future Value	i	n
1.	?	$56,000	7%	7
2.	$18,919	$70,000	?	17
3.	$11,294	$44,000	12%	?
4.	$50,743	$140,000	?	15
5.	$12,140	?	7%	8

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