Question: How do I find the future value for entry 5? (round to nearest whole dollar amount) Exercise 5-7 (Algo) Solving for unknowns; single amounts [LO5-4]

How do I find the future value for entry 5? (round to nearest whole dollar amount)

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. ( (j= nterest 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 S1, PV of S1. FVA of \$1. PVA of \$1, EVAD of \$1 and PVAD of \$1)

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