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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.) Present Value n 1. Future Value $ 56,000 $ 70,000 7.0% 7 2. $ 18,919 17 3. $ $ 44,000 12.0% 4 11,294 50,743 12,140 $ 140,000 $ $ 15 5. 7.0% 8
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