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, 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.) Present Value Future Value 1. 54,000 8.0% 8 2. %24 17,127 $ 68,000 16 3. 10,117 43,500 20.0% 4. %24 42,558 $ 135.000 15 5. 10,378 7.0%

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, 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.) Present Value Future Value 1. 54,000 8.0% 8 2. %24 17,127 $ 68,000 16 3. 10,117 43,500 20.0% 4. %24 42,558 $ 135.000 15 5. 10,378 7.0%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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