Assume that interest is compounded annually

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Reference no: EM131247504

For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of the period. (i = interest rate and n = number of periods)

Present Value Annuity Amount i n

1 ??? $5,000 10% 10

2 $298,058 $60,000 ??? 8

3 $337,733 $30,000 8% ???

4 $600,000 $74,435 ??? 15

5 $200,000 ??? 12% 6

Reference no: EM131247504

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