Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. 4) $8900; money earns 5% compounded annually; 13 annual payments

Q: 3. A person deposits $18,000 in a fund that pays interest at the rate of 6% continuously. He…

A:

Q: 13.  happy Corp. established a fund where they pay $200 annually into the fund. The interest rate…

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A: in this you have to find out future value FACTOR and sinking fund required.

Q: Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking…

A: Future Value = $50,000 Time period = 6 Years Interest rate = 3.5%

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Q: Solve and show complete solutions. Please don't use Excel. What monthly payment into a sinking…

A: in this we have to calculate effective interest rate.

Q: A corporation creates a sinking fund in order to have $640,000 to replace some machinery in 10…

A: Excel formulas which are used for calculations:-

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 6​%…

A: Sinking fund formula can be used to calculate the semiannual payment to accumulate the the amount.…

Q: Clearlake Optical has a $50,000 note that comes due in 5 years. The owners wish to create a sinking…

A: In this question, we need to compute the semiannual deposit amount in the sinking fund. A sinking…

Q: Find the amount of each payment to be made into a sinking fund so that enough will be present to…

A: An amount (FVA) $8900 will be present at the end of (n) 13 annual payments with interest rate (r )…

Q: Find the amount of each payment to be made into a sinking fund earning 9% compounded monthly to…

A: Data given: A=Amount to be accumulated = $86,000 P= Payment to be made = ? i=interest rate…

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A: Computation of the amount that must be deposited in order to have P25000in 8 years having 12%…

Q: Morgan Quincy wants to withdraw $36,300 each year for 14 years from a fund that earns 11% interest.…

A: Given: Annual payment = $36,300 Interest rate = 11% Years = 14 years.

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A: The question is based on the concept of present value for annuity and perpetuity payment .

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given Information: Required amount is $620,000 Interest rate is 8% Compounded monthly for 32 years

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Q: 3. Kenchana Sdn. Bhd. needs $2,100,000 in 3 years. Find the required semiannual payment into a…

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Q: Maria deposits $1,200, $500, and $2,000 at t = 1, 2, and 3, respectively. If the fund pays 8%…

A: FUTURE VALUE FORMUA: FUTURE VALUE = PRESENT VALUE×1+RNWHERE,R= RATE PER PERIODN=NUMBER OF PERIOD

Q: Find the amount of each payment to be made into a sinking fund which earns 8% compounded quarterly…

A: End of period payments N = 3.5 years i.e. 14 quarters Interest rate = 8%/4 = 2% per quarter Future…

Q: A fund is to provide an annual scholarship at P4,000.00 for the first 5 years; P6,000.00 for the…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking…

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Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A: Step 1 A sinking fund is usually used to accumulate money to fund a future expense or a way to…

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A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking…

A: Sinking fund is a fund where individuals set a side certain sum of money on a regular basis for…

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Q: Amy will need PHP 1.75M on July 4, 2015. To prepare for this, she places equal deposits at the end…

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Q: What equal annual series of payments must be paid into a sinking fund in order to accumulate each of…

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Q: Clearlake Optical has a $50,000 note that comes due in 3 years. The owners wish to create a sinking…

A: Given: Annual rate (r)=1.5%=0.015 Future value (A)= $50,000 Number of years (t)=4 Number of payments…

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A: The problem relates to an annuity due  Present Value of annuity due   = P + P *…

Q: Find the amount of each payment to be made into a sinking fund earning 5% compounded monthly to…

A: Future value = $ 54,000 Period = 6 years Number of monthly payments = 6*12 = 72 Annual interest rate…

Q: ennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will…

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Q: Aling Paring started to deposit P2,000 quarterly in a fund that pays 5.5% compounded quarterly.-…

A: The question gives the following information:

Q: Using the sinking fund formula or a financial calculator, complete the following: (Do not round…

A: Amount required (FV) = $26,000 Quarterly period (n) = 20 (i.e. 5 years * 4) Quarterly interest rate…

Q: A fund is built with annual payments increasing by $1 from $1 to $10 and then decreasing by $1 to…

A: The answer to this question is a Palindromic annuity The formula to be used for solving this is,

Q: How much must be deposited today into the following account in order to have a $135,000 college fund…

A: the question is based on the concept of Future value

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: A Sinking fund refers to a fund that is kept aside or borrowed in order to pay off a debt or a loan.…

Q: Kenny decided to make a P1,000 monthly deposit in a fund that pays 6% compounded quarterly. How much…

A: Monthly deposit (P) = P1000 Interest rate = 6% Monthly interest rate (r) = [{1+(0.06/4)}4]1/12-1…

Q: 240,000 will be deposited in a fund at the beginning of each six months for 5 yrs. Using 11% as the…

A: Here the concept of annuity will apply. This is the case of an annuity due as the payments are made…

Q: What sinking fund payment would you need at the end of each three months at 12% interest compounded…

A: Information Provided: Interest = 12% compounded quarterly Amount = $3500 Term = 4 years

Q: The sum of P4200 will be withdrawn from a fund at 3-month intervals, the first withdrawal to be made…

A: Solved using Financial Calculator  PV = -48,000 FV = 6000 PMT = 4200 I/Y = 7 CPT N = 22.2304…

Q: se the sinking fund formula shown to the right to determine the monthly payment needed to accumulate…

A: A sinking fund is a fund in which the period payment are made for the total period of the fund.

Q: Find the amount of each payment to be made into a sinking fund so that enough will be present to…

A: As per the given information: Amount - $49,000 Rate of interest (r) - 4% compounded semiannually…