ACCT 320 Hinson 1-2 Time Value of Money Concepts

ACCT 320 Hinson 1-2 Time Value of Money Concepts -...

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ACCT 320 Assignment 1-2 Time Value of Money Concepts Jamie Hinson September 17, 2008 P6-10 FV = PV (1+i)n FV = $20,000 (1+0.10)5 FV = $32,210.20 PVA = $100,000 (annuity amount) X 0.90909 = $90,909 Note payable = $123,119.20 P6-12 1. PVAD = $800,000 (annuity amount) X 3.60478 = $2,883,824.00 / 2 = $1,441,912.00
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Unformatted text preview: Semi-annual payments 2. $2,883,824.00 / 4 = $720,956.00 Quarterly payments 3. PVA = $800,000 (annuity amount) X 44.9550 = $35,964,000.00...
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