E 6-6 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)

For each of the following situations involving single amounts, solve for the unknown (?). Assume that
 

ANSWER KEY E 6-6 Solving for unknowns; single amounts

E 6-6 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                         ?                      ?          20

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