Question: Exercise 5-5 (Algo) Solving for unknowns; single amounts [LO5-4] For each of the following situations involving single amounts, solve for the unknown. Assume that interest
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Exercise 5-5 (Algo) Solving for unknowns; single amounts [LO5-4] For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (i= interest rate, and n= number of years) (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.) n i 8.0% 1. 2. 9 10 N EA Present Value Future Value $ 72,000 43,718 $ 86,000 $ 13,720 $ 48,000 $ 51,746 $ 180,000 $ 22,649 11.0% 3. 4. $ 11 01 5. 9.0% 15
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