Chapter 6 assignments and solutions

# Chapter 6 assignments and solutions - CHAPTER 6 HOMEWORK...

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CHAPTER 6 HOMEWORK - SOLUTIONS Ex. 6-133 —Present and future value concepts. On the right are six diagrams representing six different present and future value concepts stated on the left. Identify the diagrams with the concepts by writing the identifying letter of the diagram on the blank line at the left. Assume n = 4 and i = 8%. Concept Diagram of Concept _____ 1. Future value of 1. ? \$1 a. | | | | | _____ 2. Present value of 1. ? _____ 3. Future value of an annuity \$1 \$1 \$1 \$1 due of 1. b. |- - - - | | | | _____ 4. Future value of an ordinary annuity of 1. ? \$1 \$1 \$1 \$1 _____ 5. Present value of an ordinary c. | | | |- - annuity of 1. _____ 6. Present value of an annuity ? \$1 \$1 \$1 \$1 due of 1. d. | | | | | \$1 ? e. | | | | | \$1 \$1 \$1 \$1 ? f. | | | | |

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Solution 6-133 1. e 2. a 3. f 4. b 5. d 6. c Pr. 6-141 —Present value and future value computations. Part (a) Compute the amount that a \$20,000 investment today would accumulate at 10% (compound interest) by the end of 6 years. Part (b)
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## This note was uploaded on 03/31/2011 for the course ACC 305 taught by Professor Regoro during the Spring '10 term at University of Dayton.

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Chapter 6 assignments and solutions - CHAPTER 6 HOMEWORK...

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