ACC 421 Week 5 Individual Assignments
Submit responses 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 5 Individual Assignments
ACC 421 Week 5 Individual Assignments
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ACC 421 Week 5 Individual Assignments
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