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For each of the following situations involving single amounts, solve for the unknown. Assume that interest...

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Accounting

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 appropriatefactor(s) from the tables provided.) (Round your final answers tonearest whole dollar amount.)

Present Value Future Value i n

1. $44,000 9.0% 7

2. $37,026 $57,000 2.0% 11

3. $15,901 $41,000 7.0%

4. $35,417 $110,000 10

5. $15,189 6.0% 14

Answer & Explanation Solved by verified expert
3.6 Ratings (510 Votes)
Answer Situation Present value Future Value i n 1 4400000 8043400 9 7 2 3702600 5700000 2 11 3 1590100 4100000 7 14 4 3541700 11000000 12 10 5    See Answer
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