Exercise 5-13 (Algo) Solving for unknowns; annuities (LO5-9) For each of the following situations involving...
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Exercise 5-13 (Algo) Solving for unknowns; annuities (LO5-9) For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (/= interest rate, and n=number of years) (FV of $1, PV of $1. VA 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.) Prosent Value 1. 8% 5 2 3. 4 Annuity Amount 5,400 65,000 40,000 98,454 168,267 308,065 670,000 165,000 11% 4. 11 5 10% 4
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