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uirements for each of the following separate cases. Chapter 6 Time Value of Money Answer the 11% annual compound interest for four years Required 6-42

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uirements for each of the following separate cases. Chapter 6 Time Value of Money Answer the 11% annual compound interest for four years Required 6-42 On January 1,2020, Joy Brown deposited s20,000 in an investment account that would a Problem 6-73 ccumulate at Values Under DifMerent Investment Scenarios LO 2, 3, te the investment account balance at the end of the fourth year 2. On March 1, 2020, Phil Gray deposited $15,000 in an investment account that would accumulate to 5 $16873 at the end of three years, assuming annual compound interest. Required Compute the expected interest rate in this case. Case 3. On September 1, 2020, Dan Jones deposited $7,000 in an investment account that would accumulate to $11,108, assuming 8% annual compound interest. Required Compute the expected number of periods in this case. Case 4. Wolf Company established a construction fund on July 1,2021, by making a single deposit of $360,000. Also, at the end of each fiscal year, on June 30, the company will make a $60,000 deposit in the fund. The fund and its deposits will earn 5% compound interest each year. Required Compute the fund balance at June 30, 2025. Problem 6-74 Company entered into the following transactions in 2020. 2020, the company issued 6%, 15-year, $10,000 bonds that pay cash interest semiannually l ta accent a down payment of Present Values l Bonds, Notes, an her 3 1 of interest for bonds with similar risk is 7%. Leases LO6

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