A business must raise $70,000 in 5 years. What should be the size of the owners' quarterly payment to a sinking fund paying 3% compounded quarterly? (Round your answer to the nearest cent.)

Q: A house is rented for $6,800 per quarter, with each quarter's rent payable in advance. If money is…

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Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A: Solution

Q: If $80,000 is invested in an annuity that earns 5.8%, compounded quarterly, what payments will it…

A: Step:-1 Formula for annuity PV=P×1-(1+R)-nR Here, PV = present value, P= each payment value, R =…

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

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Q: The Weidmans want to save $50,000 in 3 years for a down payment on a house. If they make monthly…

A:

Q: The Weidmans want to save $25,000 in 2 years for a down payment on a house. If they make monthly…

A: Amount required in 2 years (Future value) =$25,000Time in months (n) = 2*12=24Interest rate is 12%…

Q: A debt of $7000 is to be amortized with 8 equal semiannual payments. If the interest rate is 10%,…

A: The amortization formula is given by R=P i1-(1+i)-n where R is the periodic payment for the borrowed…

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A: Given:

Q: . With a present value of $135000,what is the size of the withdrawals that can be made at the end of…

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Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

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Q: A business must raise $60,000 in 7 years. What should be the size of the owners' quarterly payment…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=60000 t=7 years r=4%=0.04…

Q: A business must raise $80,000 in 7 years. What should be the size of the owners' quarterly payment…

A: Here Pt=80000, t=7, n=4, r=3%=0.03 ,d=? *** This is the problem related to financial mathematics and…

Q: A family wants to have a $170,000 college fund for their children at the end of 17 years. What…

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Q: The Weidmans want to save $35,000 in 3 years for a down payment on a house. If they make monthly…

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Q: What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it…

A: This is a question of compound interest. Amount, A =$80000 Rate, R= 11% number of years, n= 13 let…

Q: Jasica Parker would like to have $95,000 to buy a new car in 6 years. To accumulate $95,000 in 6…

A: Given data: Amount Jessica would like to have=$95,000 Number of years =6 Annual rate of interest of…

Q: Jasica Parker would like to have $33,000 to buy a new car in 8 years. To accumulate $33,000 in 8…

A:

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: The Pirerras are planning to go to Europe 5 years from now and have agreed to set aside $180/month…

A:

Q: If $89,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A: Given that:  $89,000 is invested in an annuity that earns 5.5%, compounded quarterly. So, PV=$…

Q: The Weidmans want to save $20,000 in 2 years for a down payment on a house. If they make monthly…

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Q: A sinking fund is established to discharge a debt of $40,000 in 25 years. If deposits are made at…

A:

Q: With a present value of $140,000, what is the size of the withdrawals that can be made at the end of…

A: To find - With a present value of $140,000 what is the size of the withdrawals that can be made at…

Q: With a present value of $150,000, what is the size of the withdrawals that can be made at the end of…

A: given: Pv=150,000 n=10 r=6.3% compounded quaterly

Q: A business must raise $50,000 in 8 years. What should be the size of the owners' quarterly payment…

A: Consider the provided question, given that, Amount (A) = $50,000 time(t) = 8 years rate of interest…

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

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Q: What single payment today would replace a payment of $900 in 3 years and a payment of $3,900 in 4…

A: The compound interest formula is A=P1+r100n, where A is the amount, P is the principal, r is the…

Q: A business must raise $80,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given that  future value 80000 Time period 5 years  Interest rate 3%  To find the present value

Q: If you take out a 5-year loan for $10,000 at 3% interest compounded monthly, what is the size of…

A:

Q: A sinking fund is established to discharge a debt of $70,000 in 25 years. If deposits are made at…

A: let amount A=70000 rate r= 7%(per 6 months) period of payment n= 2*25=50 and P= amount to be paid…

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: A debt of $8000 is to be amortized with 10 equal semiannual payments. If the interest rate is 9%,…

A: Given the debt amount $8,000. Number of payments is 10 equal payments (Semiannually). Rate of…

Q: A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of…

A:

Q: The Pirerras are planning to go to Europe 5 yr from now and have agreed to set aside $200/month for…

A: Given The periodic payment (R) $200 per month. Periodic interest rate (r) is 8% per year. Periods…

Q: A business must raise $80,000 in 8 years. What should be the size of the owners' quarterly payment…

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Q: A company estimates that it will need $161,000 in 18 years to replace a computer. If it establishes…

A: Use formula of compound interest

Q: The Weidmans want to save $40,000 in 3 years for a down payment on a house. If they make monthly…

A: Given data  D = 40,000 r = 0.12 N = 12 x 3 = 36  We want to make monthly deposit to generate a…

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

A: According to the given information, Amount expected in future = $90000 There are four quarters in a…

Q: Andrea wishes to accumulate a retirement fund of $650,000. How much should she deposit each month…

A: given that , final amount= A= 650000 interest rate=r= 5.5%= 0.055 number of times compounded in a…

Q: With a present value of $150,000, what is the size of the withdrawals that can be made at the end of…

A: Present value is $150,000 So, R=150,000 Money is worth 6.9% compounded quarterly. Therefore,…

Q: What single payment today would replace a payment of $2,100 in 2 years and a payment of $5,000 in 6…

A:

Q: If you deposit $2000 into a fund paying 4% interest compounded monthly, how much can you withdraw at…

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Q: A sinking fund is established to discharge a debt of $60,000 in 20 years. If deposits are made at…

A:

Q: The Weidmans want to save $45,000 in 4 years for a down payment on a house. If they make monthly…

A: It is given that the Weidman’s want to save $45,000 in 4 years for a down payment.The interest is…

Q: What lump sum do parents need to deposit in an account earning 7% compounded monthly, so that it…

A: For compunded monthly, we have take n value as 12.

Q: A furniture set worth of 40000 is purchased with a down payment of 15000 then followed by equal…

A: we have to find compound interest here

Q: A business must raise $90,000 in 5 years. What should be the size of the owners' quarterly payment…

A: givenAmount (A)=$90,000number of years(n)=5 yearsrate (R)=3%size of the owner's quartely paayment…

Q: Jasica Parker would like to have $26,000 to buy a new car in 7 years. To accumulate $26,000 in 7…

A:

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A: