Exercise 5-5 (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. (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 appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) 1. 2. 3. 4. 5. Present Value Future Value $ $ $ $ i $ 80,000 4.5% 31,841 $ 94,000 15,762 $ 50,000 84,482 $ 200,000 13,291 8.0% 9.0% n 9 16 10 15
Exercise 5-5 (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. (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 appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) 1. 2. 3. 4. 5. Present Value Future Value $ $ $ $ i $ 80,000 4.5% 31,841 $ 94,000 15,762 $ 50,000 84,482 $ 200,000 13,291 8.0% 9.0% n 9 16 10 15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 5-5 (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. (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 appropriate factor(s)
from the tables provided. Round your final answers to nearest whole dollar amount.)
1.
2.
3.
4.
5.
Present Value Future Value
$
$
$
$
i
$
80,000 4.5%
31,841 $
94,000
15,762 $
50,000
84,482 $ 200,000
13,291
8.0%
9.0%
n
9
16
10
15
< Prev
3 of 8
FEB
Next >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb58f52d6-0245-430e-86d7-85726f6ff614%2Fe452bf48-93ed-40e4-9cd4-afc745c84e2e%2Fm279a4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:nces
Mc
raw
Mill
Exercise 5-5 (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. (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 appropriate factor(s)
from the tables provided. Round your final answers to nearest whole dollar amount.)
1.
2.
3.
4.
5.
Present Value Future Value
$
$
$
$
i
$
80,000 4.5%
31,841 $
94,000
15,762 $
50,000
84,482 $ 200,000
13,291
8.0%
9.0%
n
9
16
10
15
< Prev
3 of 8
FEB
Next >
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