Exercise 5-2 (Algo) Future value; single amounts [LO5-2] Determine the future value of $20,000 under each of the following sets of assumptions (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.): Annual Rate Period Invested i = n = Present Value Future Value 1. 8% Interest Compounded Semiannually Quarterly Monthly $ $ 2. 8 years 5 years 14 months 16% $ $ 20,000 20,000 20,000 3. 24% $