Exercise 5-3 (Algo) Present value; single amounts [LO5-3] 2 Determine the present value of the following single amounts (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.): 2 points 1 = n = Present Value 1 12 2. Future Amount $ 26,000 $ 20,000 $ 31,000 $ 46,000 15 eBook 7% 11% 11% 12% 3. 28 Hint 4 11 Print Exercise 5-12 (Algo) Future value; solving for annuities and single amount [LO5-4, 5-9] 3 John Rider wants to accumulate $95,000 to be used for his daughter's college education. He would like to have the amount available on December 31, 2026. Assume that the funds will accumulate in a certificate of deposit paying 8% interest compounded annually. (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.) 2 points Answer each of the following independent questions. Required: eBook Print References 1. If John were to deposit a single amount, how much would he have to invest on December 31, 2021? 2. If John were to make five equal deposits on each December 31, beginning a year later, on December 31, 2022, what is the required amount of each deposit? 3. If John were to make five equal deposits on each December 31, beginning now, on December 31, 2021, what is the required amount of each deposit? (For all requirements, Round your final answers to nearest whole dollar amount.) Amount 1 2. 3 Annuity amount Annuity amount