For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Roundyour answer to the nearest cent.)Sinking FundPaymentTime PeriodNominalInterestPaymentFrequencyFuture Value(years)Rate (%)Compounded(Objective)every year148annually$350,000Enter a number. Periods2%1%1%2%3%4%5%6%7%8%Periods11.000001.000001.000001.000001.000001.000001.000001.000001.000001.00000122.005002.010002.015002.02000 2.030002.040002.050002.060002.070002.08000233.015023.030103.045223.06040 3.090903.121603.152503.183603.214903.24640344.030104.060404.090904.12161 4.183634.246464.310134.374624.439944.5061145.050255.101015.152275.20404 5.309145.416325.525635.637095.750745.866606.075506.152026.229556.30812 6.468416.632986.801916.975327.153297.335936.77.105887.213547.322997.43428 7.662467.898298.142018.393848.654028.92280788.141418.285678.432848.58297 8.892349.214239.549119.8974710.2598010.636638.99.182129.368539.559339.75463 10.15911 10.58280 11.02656 11.4913211.9779912.487569.1010.2280310.46221 10.70272 10.94972 11.46388 12.00611 12.57789 13.1807913.8164514.48656101111.27917 11.56683 11.86326 12.16872 12.80780 13.48635 14.20679 14.9716415.7836016.64549111212.33556 12.68250 13.04121 13.41209 14.19203 15.02581 15.91713 16.8699417.8884518.97713121313.39724 13.80933 14.23683 14.68033 15.61779 16.62684 17.71298 18.8821420.1406421.49530131414.46423 14.94742 15.45038 15.97394 17.08632 18.29191 19.59863 21.0150722.5504924.2149214

Sinking fund is the amount kept aside for paying a loan or debt. Sinking fund enables the business…

Answered: 1 to calculate the amount (in $) of the…

1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity).

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...

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Question

For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round
your answer to the nearest cent.)
Sinking Fund
Payment
Time Period
Nominal
Interest
Payment
Frequency
Future Value
(years)
Rate (%)
Compounded
(Objective)
every year
14
8
annually
$350,000
Enter a number.

Periods
2%
1%
1%
2%
3%
4%
5%
6%
7%
8%
Periods
1
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1
2
2.00500
2.01000
2.01500
2.02000 2.03000
2.04000
2.05000
2.06000
2.07000
2.08000
2
3
3.01502
3.03010
3.04522
3.06040 3.09090
3.12160
3.15250
3.18360
3.21490
3.24640
3
4
4.03010
4.06040
4.09090
4.12161 4.18363
4.24646
4.31013
4.37462
4.43994
4.50611
4
5.05025
5.10101
5.15227
5.20404 5.30914
5.41632
5.52563
5.63709
5.75074
5.86660
6.07550
6.15202
6.22955
6.30812 6.46841
6.63298
6.80191
6.97532
7.15329
7.33593
6.
7
7.10588
7.21354
7.32299
7.43428 7.66246
7.89829
8.14201
8.39384
8.65402
8.92280
7
8
8.14141
8.28567
8.43284
8.58297 8.89234
9.21423
9.54911
9.89747
10.25980
10.63663
8.
9
9.18212
9.36853
9.55933
9.75463 10.15911 10.58280 11.02656 11.49132
11.97799
12.48756
9.
10
10.22803
10.46221 10.70272 10.94972 11.46388 12.00611 12.57789 13.18079
13.81645
14.48656
10
11
11.27917 11.56683 11.86326 12.16872 12.80780 13.48635 14.20679 14.97164
15.78360
16.64549
11
12
12.33556 12.68250 13.04121 13.41209 14.19203 15.02581 15.91713 16.86994
17.88845
18.97713
12
13
13.39724 13.80933 14.23683 14.68033 15.61779 16.62684 17.71298 18.88214
20.14064
21.49530
13
14
14.46423 14.94742 15.45038 15.97394 17.08632 18.29191 19.59863 21.01507
22.55049
24.21492
14

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