Acct 320-Hinson 1-1 Week One Practice Exercises

Acct 320-Hinson 1-1 Week One Practice Exercises - PV =...

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Intermediate Accounting II – 320 V2WW Assignment 1-1 Week One Practice Exercises Jamie Hinson September 8, 2008 E6-1 FV = I (1+i)n 1. FV = $15,000 (1+0.06)12 FV = $30,182.95 2. FV = $20,000 (1+0.08)10 FV = $43,178.50 3. FV = $30,000 (1+0.12)20 FV = $289,388.79 4. FV = $50,000 (1+0.04)12 FV = $80,051.61 E6-2 PV = FV / (1+i)n
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1. PV = $20,000 / (1+0.07)10 PV = $10,166.99 2. PV = $14,000 / (1+0.08)12 PV = $5,559.59 3. PV = $25,000 / (1+0.12)20 PV = $2,591.67 4. PV = $40,000 / (1+0.10)8
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Unformatted text preview: PV = $18,660.30 E6-5 1. FVA = $8,000 (annuity amount) X 3.3744 = $26,995.20 2. FVA = $8,000 (annuity amount) X 4.7793 = $38,234.40 3. FVA = $2,000 (quarterly amount) X 12.2997 = $24,599.40 4. $2,000 X 0.12 X 8 = $1,920 $24,599.40 - $1,920 = $22,679.40 E6-6 1. PVA = $5,000 (annuity amount) X 2.1200 = $10,600 2. PVA = $5,000 (annuity amount) X 1.000 = $5,000 3. PVA = $5,000 (annuity amount) X 4.7793 = $23,896.50...
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This note was uploaded on 09/08/2010 for the course ACCOUNTING 320 taught by Professor Hickman during the Spring '10 term at Heidelberg.

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Acct 320-Hinson 1-1 Week One Practice Exercises - PV =...

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