- Submitted By: martin38
- Date Submitted: 06/17/2014 11:45 PM
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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 bookkeeperâ€™s work and prepare correct financial statements for 2014. You have completed your review of the...

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