Find the amount of payment to be Joe needs to make into a sinking fund every quarter to accumulate  $62,000 after 6 years: Knowing that money earns 8 % compounded quarterly. Ans: $2,038.01

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Pls solve for the ordinary annuity of the following:

Find the amount of payment to be Joe needs to make into a sinking fund every quarter to accumulate 
$62,000 after 6 years: Knowing that money earns 8 % compounded quarterly. Ans: $2,038.01

Find the amount of payment to be made into a sinking fund to accumulate $75,000 for 4 and half year: 
money earns 6% compounded semiannually. Ans: $7,382.54

What is the present value of an annuity of $2,000 per year, with the first cash flow received three years 
from today and the last one received 8 years from today? Use a discount rate of eight percent.
Ans: $ 7,926.75

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