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please show work, thanks For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (i= interest
please show work, thanks
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.) 1 n 70% 7 1. 17 2. Present Value Future Value 5 56,000 5 18,919 5 70,000 5 11 294 s 44,000 5 50,743 $ 140,000 $ 12,140 $ 12.0% 15 4. 7.0% 8 5Step by Step Solution
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