Question: Exercise 5-4 (Algo) Present value; single amounts [LO5-3] Determine the present value of the following single amounts. Note: Use tables, Excel, or a financial

Exercise 5-4 (Algo) Present value; single amounts [LO5-3] Determine the present value

Exercise 5-4 (Algo) Present value; single amounts [LO5-3] Determine the present value of the following single amounts. Note: Use tables, Excel, or a financial 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) Future Amount Present = n = Value 1. $ 40,000 6% 14 2. $ 34,000 7% 15 3. $ 45,000 12% 12 4. $ 60,000 10% 9

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