Valix Finacc vol 1 Problem 13-8

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 13-8

Annual contribution (5,000,000/6.051)                                                                         818,987

     Date                                    Interest income          Annual contribution         Fund balance

12/31/2008                                                                              818,987           818,987

12/31/2009                                       81,899                              818,987        1,719,873

12/31/2010                                     171,987                               818,987        2,710,847

12/31/2011                                     271,085                               818,987        3,800,919

12/31/2012                                     380,094                               818,987        5,000,000