Exercise 5-5 (Algo) Solving for unknowns; single amounts (L05-4) For each of the following situations...
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Exercise 5-5 (Algo) Solving for unknowns; single amounts (L05-4) 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) (FV of $1. PV of $1. EVA 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.) 1. 6.0% 2 18 Present Value Future Value $ 58,000 $ 21,302 $ 72,000 $ 11,7185 44,500 $ 64,134 $ 145,000 $ 11.354 10.0% 3 4 14 7 5 8.0%
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