Exercise 5-7 (Static) 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) 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) Present Value Future Value i 1. $ 40,000 10% 5 2. $ 36,289 $ 65,000 10 3. $ 15,884 $ 40,000 8% 4. $ 46,651 $ 100,000 8 5. $ 15,376 7% 20
Exercise 5-7 (Static) 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) 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) Present Value Future Value i 1. $ 40,000 10% 5 2. $ 36,289 $ 65,000 10 3. $ 15,884 $ 40,000 8% 4. $ 46,651 $ 100,000 8 5. $ 15,376 7% 20
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 (Static) 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)
Present Value Future Value
i
1.
$
40,000
10%
5
2.
$
36,289 $
65,000
10
3.
$
15,884 $
40,000
8%
4.
$
46,651 $ 100,000
8
5.
$
15,376
7%
20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f541aa4-0948-4c30-b2fe-764ad6cf0c5a%2Feb55e983-afb8-486d-83f9-f67ddf16ea05%2Flkuhkvf_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 5-7 (Static) 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)
Present Value Future Value
i
1.
$
40,000
10%
5
2.
$
36,289 $
65,000
10
3.
$
15,884 $
40,000
8%
4.
$
46,651 $ 100,000
8
5.
$
15,376
7%
20
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