Question: 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
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 theendof each period. (i= interest rate, andn= number of years) (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)(Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)
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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 tha all annuity amounts are received at the end of each period. (/ = interest rate, and n = number of years) (FV of $1, PV of $1, EVA 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 Annuity Amount i = In = 1. 4.800 8% 5 2 269,439 85,000 4 3. 503,361 70,000 11% 4. 640,000 113,270 10 5. 180,000 10% 4
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