Question

Asked Oct 23, 2019

12 views

Can someone please just give me the right answer to the right decimal places for the last part, "How much interest was earned during the third quarter of the 4th year?" I've received more than 5 wrong answers already.

A corporation creates a sinking fund in order to have $860,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each quarterif the annual interest rate is 6.5% compounded quarterly? (Round your answers to the nearest cent.)

$

How much interest would they earn over the life of the account?

$264439.07

$

Determine the value of the fund after 2, 4, and 6 years.

2 years | $ | |

4 years | $ | |

6 years | $ |

How much interest was earned during the third quarter of the 4th year?

$

Step 1

**Calculation of interest was earned during the third quarter of the 4th year:**

The interest was earned during the third quarter of the 4th year is **$17,237.80**.

**Exce...**

Tagged in

Q: Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your hei...

A: Present value of a perpetuity P at an interest rate of r = P / r

Q: Discuss what the liquidity ratios reveal about Starbucks financial health, including any description...

A: As per the given information, the current ratio and quick ratio of the firm SB increased in 2018 com...

Q: Five years of realized returns for CCC are given in the following table. Remember: 1. While CCC was ...

A: Calculate the average realized return, standard deviation, and coefficient of variation as follows:

Q: What is the present value of an annuity of $7,100 per year, with the first cash flow received three ...

A: Calculation of Present Value of Annuity:The cash flow is received in the third year.The present valu...

Q: How can i calculate/solve the following problem? the annual subscription to a health magazine is cur...

A: The present value (PV) of cash inflows is the product of annual cash flows and the PVIFA factor. The...

Q: In 2011, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for...

A: Sale Price in 1938 = S1938 = $ 0.10Sale Price in 2011 = S2011 = $ 2,161,000Let g be the annual incre...

Q: all methods used to optimize portfolio (FINANCE) from Modern portfolio theory (MPT)?

A: An investment is always evaluated on the basis of return and risks it offers. “Risk” and “return” ar...

Q: Question 2. Suppose the current ZCB prices for maturity in two years and in five years are 0.8 and 0...

A: If Pn is the price of ZCB with maturity of n years and Sn is the spot rate for year n then,Pn = (1 +...

Q: Executives at XYZ Corporation realize that they have too much liquid assets. They want to use this c...

A: The rate of return that an investor expects from the investmnet made is known as expected rate of re...