Exercise $5-18($Static$)$ Solving for unknowns; annuities $[$LO$5-9]$

For each of the following situations involving annulties, solve for the unknown. Assume that interest is compounded annually and that

all annulty amounts are recelved at the end of each perlod. $(l=$ interest rate, and $n=$ number of years$)$

Note: Use tables, Excel, or a financlal calculator. Round your final answers to nearest whole dollar amount. $($FV of $$1,$ PV of $$1,$ FVA

of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$