Item4

1.5points

Time Remaining 1 hour 59 minutes 52 seconds

01:59:52

Check my workCheck My Work button is now enabled2

Item 4

Time Remaining 1 hour 59 minutes 52 seconds

01:59:52

Exercise 5-13 (Algo) Solving for unknowns; annuities [LO5-9]

For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (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 i = n = Annuity Amount $ 3,600 1. 8% 5 2. 412,566 115,000 4 3. 10% 748,673 580,000 210,000 130,000 83,427 4. 9 5. 10% 4