Exercise 5-7 (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. (/ interest rate, and n= number of years) Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1. PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Future Value 48,000 1. 24,837 $ 2. 28,599 $ 61,000 3. $ 12,569 $ 42,000 4. S 47,653 S 120,000 14.178 S 28.529 5. I$ Present Value $ $ i 10% 5% X 9% 4% X 6% n 9 13 14 12 12
Exercise 5-7 (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. (/ interest rate, and n= number of years) Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1. PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Future Value 48,000 1. 24,837 $ 2. 28,599 $ 61,000 3. $ 12,569 $ 42,000 4. S 47,653 S 120,000 14.178 S 28.529 5. I$ Present Value $ $ i 10% 5% X 9% 4% X 6% n 9 13 14 12 12
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Exercise 5-7 (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. (/=
interest rate, and n = number of years)
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA
of $1, PVA of $1, FVAD of $1 and PVAD of $1)
1.
2.
3.
4.
5.
Present
Value
Future
Value
48,000
$
24,837 $
$
28,599 $
61,000
$ 12,569 $ 42,000
$
47,653
14,178 $
$ 120,000
28,529
$
i
10%
5% X
9%
4% X
6%
n
9
13
14
12
12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F299a85d8-24b6-4362-b57d-b7ff9e1eb2d5%2Fb1b94c23-1625-411b-a255-e35a9b20cb43%2F4662hic_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 5-7 (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. (/=
interest rate, and n = number of years)
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA
of $1, PVA of $1, FVAD of $1 and PVAD of $1)
1.
2.
3.
4.
5.
Present
Value
Future
Value
48,000
$
24,837 $
$
28,599 $
61,000
$ 12,569 $ 42,000
$
47,653
14,178 $
$ 120,000
28,529
$
i
10%
5% X
9%
4% X
6%
n
9
13
14
12
12
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