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

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