Question: Exercise 5-7 (Algo) Solving for unknowns; single amounts [LO5-4] For each of the following situations involving single amounts, solve for the unknown. Assume that

Exercise 5-7 (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. (/= interest rate, and n= number of years) 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). Present Value Future Value 1 n 1. $ 60,000 6% 5 2. S 17,147 $ 74,000 19 3.1 $ 20,719 $ 45.000 9% 4. S 79,548 $ 150,000 + 5. S 13,542 7% 6

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