Here is a TVM assignment. Please complete. The file is attached below. This should take about 30-35 minutes. ATTACHMENT PREVIEW Download attachment Time Value of Money Problem Set revised.doc Time Value of Money Problem Set ACC 222-40 Instructions: Please show your work and label each problem or part of problem as PV of 1, FV of 1, PVOA, PVAD, FVOA, and/or FVAD. Please use the factor tables where possible, and use one other approach to check your work. Be sure to show your calculations (attach the Excel spreadsheet if you used Excel, show the variables you selected if you used a financial calculator such as TI 84 (N=?, I%=? ,PV=?, PMT=?, FV=?, P/Y=?, C/Y=?, PMT: End Begin) or show your input for financial software or financial website. 1. Using the compound interest tables, solve each of the following questions. Required: a. How much will be accumulated on January 1, 2XX4, if $100,000 is deposited on January 1, 2XXX, and interest is compounded annually at 10%? b. How much will be accumulated on December 31, 2XX9, if $50,000 is deposited on December 31, 2XXX, and the fund pays 12% interest compounded semiannually? c. What will be on deposit on January 1, 2XX4, if $20,000 is deposited on January 1, 2XXX, in a fund that earns 16% interest compounded quarterly? 2. Using the compound interest tables, solve each of the following questions. Required: a. What is the present value on January 1, 2XXX, of $42,000 due on January 1,2XX6, and discounted at 6% compounded annually? b. What is the present value on January 1, 2XXX, of $18,000 due on January 1, 2XX8, and discounted at 9% compounded semiannually? 3. Using the compound interest tables, solve each of the following questions. Required: a. What will be the payments on a $35,000 loan to be paid off in five equal annual payments with 12% interest if the first payment is due one year from the date of the loan? b. Ted Banks wants to borrow some money from the bank to start a small business. Ted can afford to pay off the loan in 15 annual installments of $9,500. The bank charges an annual interest rate of 12%. If Ted makes the first payment one year from the date of the loan, how much can Ted borrow? 4. Using the compound interest tables, solve the following questions. Required: a. What amount of interest will an investment of $7,500 left on deposit for three years at 7% compounded annually accumulate? b. Tom Turner deposited $10,000 in a fund that earns 8% interest compounded annually. How many years will it take for the fund to grow to $21,589.25? 5. Using the compound interest tables, solve each of the following questions. Required: a. Assuming that $100,000 to be paid at the end of ten years has a present value today of $50,834.90, what interest rate compounded annually is used in the calculation of the present value? b. What amount must be deposited on January 1, 2XXX, if $500,000 is to be accumulated on January 1, 2XX6, and interest at 12% is compounded semiannually? 6. 31, 2XXX. Nine equal annual contributions are made to a fund, with the first deposit on December Required: Using the appropriate compound interest table, determine the equal contributions that, if invested at 12% compounded annually, will produce a fund of $50,000, assuming that this fund is desired on December 31, 2XX8. 7. At the beginning of 2XXX, Larry Co. issued bonds with a face value of $500,000 due on December 31, 2XX6. The company desires to accumulate a fund to retire these bonds at maturity by making annual deposits beginning on December 31, 2XXX. Required: Compute the amount that the company must deposit at the end of each year, assuming that the fund will earn 8% interest a year compounded annually and seven deposits are made. 8. Marshalt would like to retire on December 31, 2XX9, and take a trip around the world. In order to do this he feels he must accumulate $200,000 in his retirement account by that date. He is willing to deposit a certain amount each year into his retirement account, which earns 1