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Solutions for Financial & Managerial Accounting for Decision Makers, 4th Edition by Hanlon $49.49   Add to cart
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Solutions for Financial & Managerial Accounting for Decision Makers, 4th Edition by Hanlon
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  • Financial Accounting
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  • Financial Accounting

Complete Solutions Manual for Financial & Managerial Accounting for Decision Makers 4e 4th Edition by Hanlon, Magee, Pfeiffer, Dyckman. ISBN-13: 3616 Full Chapters Solutions are included Chapter 1 Introducing Financial Accounting (pg. 2) Chapter 2 Constructing Financial Statements (pg. 4...

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  • July 13, 2023
  • 856
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • Financial Accounting
  • Financial Accounting

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Appendix A
Compound Interest
and the Time-Value of Money

EXERCISES

EA-1.

a. Future value, 4%, 6 years: $4,000 x 1.26532 = $5,061.28
b. Future value, 6%, 6 years: $4,000 x 1.41852 = $5,674.08
c. Future value, 8%, 6 years: $4,000 x 1.58687 = $6,347.48


EA-2.

a. Future value, 12%, 4 years: $7,500 x 1.57352 = $11,801.40
b. Future value, 3%, 16 quarters: $7,500 x 1.60471 = $12,035.33
c. Future value, 1%, 48 months: $7,500 x 1.61223 = $12,091.70

The last calculation relies on a future value factor that is not in the table at the end of Appendix
A. The solution can be determined using a financial calculator or using Excel. The Excel
calculation is as follows:




Solutions Manual, Appendix A A-1

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