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Please show work as soon as possible. Thank you. For each of the following situations involving annuities, solve for the unknown. Assume that interest is
Please show work as soon as possible. Thank you.
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 = 1. 8% 5 2. 4. Annuity Amount 5,600 60,000 30,000 95,252 3. 223,026 235,179 680,000 160,000 11% 4. 11 5. 10% 4Step by Step Solution
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