Published on October 20, 2015
ACC 421 Week 5 Individual Assignments For more classes visit www.snaptutorial.com 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?