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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)                         Present Value          Future Value            i             n1.                             ?                         $ 40,000             10%           52.                        $ 36,289                     65,000               ?            103.                          15,884                      40,000               8             ?4.                          46,651                    100,000                ?            85.                          15,376                          ?                     7          20

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)                         Present Value          Future Value            i             n1.                             ?                         $ 40,000             10%           52.                        $ 36,289                     65,000               ?            103.                          15,884                      40,000               8             ?4.                          46,651                    100,000                ?            85.                          15,376                          ?                     7          20

FINANCIAL ACCOUNTING
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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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)

                        Present Value          Future Value            i             n
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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