- Submitted By: martin38
- Date Submitted: 06/17/2014 11:45 PM
- Category: Book Reports
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ACC 421 Week 5 Individual Assignments

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Submitresponses to the individual assignment for week 5 posted in the Course-Materials forum.

Problem 1

Compute the present value of each of the following periodic amounts.

Each amount is paid/received at the end of each period.

A: $15,000 received at the end of each period for 9 periods compounded at 8%.

Present Value = $93,703,30.

B: $40,000 paid at the end of each period for 7 periods compounded at 4%.

C: $15,000 paid at the end of the tenth, eleventh, twelfth, and thirteenth periods

compounded at 11%

ACC421

Compute the requested item for each of the following:

A: A bank account has a current balance of $408,029. If the money is left in the account and

earns 9% compounded annually, how many years will it take for the balance to grow to

B: A bank account has a current balance of $174,439. If the money is left in the account for 25

years and grows to $1,890,000, what is the annual rate of interest compounded annually?

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ACC 421 Week 4 Individual Assignment P1,P2,P3 And P4

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Submitresponses to the individual assignment for week 4 posted in the Course-Materials forum.

Problem 1:

Grading: This problem is worth a total of 18.75 points. There are 22grading elements each worth 18.75 x 2/3 / 22= 0.5682 points. There are 18.75 x 1/3 = 6.25 points available for effort.

The FJF Company does not employ a full-time accountant. However they do employ a bookkeeper that records entries and attempts to prepare drafts of financial statements. You have been retained by the company to review the bookkeeper’s work and prepare correct financial statements for 2014. You have completed your review of the...

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