Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed A Frequency Rate Time $45,000 monthly 4% 35 yr
Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: Formula for calculating the annuity payment required: Annuity = Future Value / future value annuity…
Q: How much must be deposited today into the following account in order to have a $135,000 college fund…
A: Present value = Future value/(1 + r)n Future value = 135,000 Quarterly interest rate (r) = 3.16%/4…
Q: A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: an electrical engineer desires to set up fund by making uniform monthly end of period deposits for a…
A: first calculate the value at the end of the decade FV = 0, N = 3, PMT = 250,000, rate = (1+6%/12)12…
Q: Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations.…
A: Solution: Required future value = $25,700 Nos of quarterly period = 5*4 = 20 Quarterly interest rate…
Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: The PMT function or concept can be used to determine the periodic payments required to accumulate a…
Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: QUESTION 1 What is the amount of the periodic payment made at the beginning of every month into a…
A: A periodic payment is an equal series of payments made by the investor or borrower. It includes…
Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…
A: Information Provided: Amount = $75,000 Frequency = Quarterly Rate = 1.4% Time = 5 years
Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…
A: Formula Periodic payment = A/[(1+r/n)n*t-1]/(r/n) Where A - Amount needed i.e. $90,000 r - Interest…
Q: A sinking fund amounting to $19,000 is to be created by making payments at the beginning of every 6…
A: in this you have to find out future value FACTOR and sinking fund required.
Q: What monthly payment into a sinking fund at 8% compounded semi –annually will be needed to raise…
A: Sinking Fund is a fund that is kept aside or borrowed to pay off a debt or a loan. It helps the…
Q: Find the interest rate needed to accumulate $45,000 in a sinking fund in 10 years, with annual…
A: A fund that is created to repay a debt or replacement of an asset by putting an equal sum of amount…
Q: Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations.…
A: Time value of money is the concept which shows the money worth today is more than the identical…
Q: Six annual deposits in the amount of $4,000, $3,300, $2,600, $1,900, $1,200 and $500, in that order,…
A: Future Value(FV) is compounded value of present amount at future date.
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…
Q: Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to…
A: Future value (FV) = $39,000 Interest rate = 7% Monthly interest rate (r) = 7%/12 =…
Q: Answer the Situation below correctly show your complete solution. A deposit of 120 000.00 Php is…
A: C. Since the payment is made monthly and the interest is also compounded monthly, the number of…
Q: Urgently need. An engineer wishes to set up a special fund by making uniform semiannual…
A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: Answer the following questions using Excel's RATE, NPER, PMT, PV and FV functions. 2. What sum of…
A: The investment amount is the present value of the monthly payments.
Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…
A: Note: It is a situation where multiple questions have been asked, so we are allowed to solve the…
Q: A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…
A: Periodic payments are payments made by an account holder to a plan each month or year over a period…
Q: I need help figuring out which table to use in this question. Either: compound value, present value,…
A: Hi, this is an example of simple interest. Hence no table can be used, as the interests are neither…
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…
Q: For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed…
A: The future value of the annuity refers to the sum value of all the payments which is occurred…
Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…
A: A fund that is created to repay a debt or replacement of an asset by putting an equal sum of amount…
Q: Find the periodic payments PMT necessary to accomulate the given account in an annuity account.…
A: The annuity in which fixed amounts are paid at the end of each period is known as an ordinary…
Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…
A: Future value can be computed by compounding each of the annual payment. Future value can be…
Q: Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are…
A: a) Computation:
Q: Calculate the future value of end-of-month payments of $500 made for 4 years into an investment fund…
A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…
Q: Find the amount of a perodic payment necessary fur the deposit of a sinking fund. Amount needed…
A: A sinking fund is created for repayment of debt.A fixed sum of money is set aside periodically…
Q: Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final…
A: Here, Bi- Monthly Deposit is $16,000 Time Period of Deposit is 8 years Note: Here, it is not clearly…
Q: Fint the periodc payments PNT necessary to accumutate the given amount in an annity account. (Assume…
A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…
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: How much should GlassilueCat invest in a fund to be able to withdraw $22.000 at the end of every 3…
A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: Keeler's Fabrication sets aside $3500.00 at the beginning of every six months in a fund to replace…
A: An annuity is an agreement between you and an insurance agency where you make a single amount…
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: 3000.00 120.00 706.47 706.47 706.47 706.47 2293.53 C 120.00 A B 120.00 D 2205.32 794.68 0.00 120.00…
A: Sinking fund is amount being deposited each period to achieve the future value required in the…
Q: Payments of $1,542 are made out of a fund of $20,000 at the end of every month. If interest is 4%…
A: In this question, first of all, we will prepare an amortization schedule, that would show the period…
Q: If annual deposits of $1,000 are made into a fund paying 12% interest compounded annually, how much…
A: Present Value of deposits (PV)=$1,000 Interest Rate (r)= 12% compounded annually Time period (n)= 5…
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: 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: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…
A: Excel Spreadsheet:
Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: Information Provided: Future value = $80,000 Interest = 3% Term = 20 years Payments = Quarterly
Q: The sum of P4200 will be withdrawn from a fund at 3-month intervals, the first withdrawal to be made…
A: Solved using Financial Calculator PV = -48,000 FV = 6000 PMT = 4200 I/Y = 7 CPT N = 22.2304…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $95,000 quarterly 1.3% 7 yrFind the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $45,000 monthly 8% 35 yrFind the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $70,000 semiannually 3% 15 yr
- Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $7,000 annually 0.5% 6 yrdetermine the size of the payments that must be made to a sinking fund in order to accumulate $233,188 if the interest rate is 5.25% compounded quarterly and payments are made for 7 1/4 years. Use TVM solverNeed ASAP! Determine A) How much is each quarterly sinking fund deposit? B) Calculate the net interest paid in the 6th payment. (Hint: Net interest = Total Payment at time t - Principal Paid at time t) C) Calculate the Sinking Fund Balance immediately after the 6th payment is made.
- 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 Please show all workings step by step.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. Round answer to the nearest cent.1 $79,000; money earns 6% compounded semiannually for 13 years 2A. $1,335.44B. $1,940.57OC. $982.92OD. $1,152.81Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments as given. 33. Accumulate $56,000, monthly payments of $300 over 12 years 34. Accumulate $120,000, monthly payments of $500 over 15 years
- A fund is being formed by monthly deposit of P2,000 at 6% compounded monthly a) Find the amount after a year b) What is the amount in the fund just after the 5 deposit? c) Construct the sinking fund schedule for a 5 month period.Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) Required amount - 25,700 Frequency of payment - Quarterly Length of time - 5 years Interest rate 8% Payment amount end of each period -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 FundPayment PaymentFrequency Time Period(years) NominalRate (%) InterestCompounded Future Value(Objective) $ every year 14 8 annually $450,000 TABLE 12:1is attached
