Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed Frequency Rate Time A $120,000 quarterly 9% 25 yr Need Help? Read It Talk to a Tutor
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Sinking fund method is the method under which, the company or an individual is adopting a procedures to set aside certain amount for the payment of debt or bond in future.
Just an example, a company has taken a loan for 1200,000 which it needs to pay after 5 years. So, company must start planning that what sort of amount it must take aside regularly over a period of time. So, that the amount will accumulate to 1200,000 in future. This method is usually considers when the company needs to pay full amount at the maturity. This amount must be in accordance to the market interest rates or the time remaining for the payment. This will provide amount at a equal interval whether it is annually, semi-annually, quarterly or monthly for the payment of total amount.
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- Need 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.Solve and show complete solutions. Please don't use Excel. What monthly payment into a sinking fund at 8% compounded semi –annually will be needed to raise P50, 200 at the end of 2 years and 6 months?I need help figuring out which table to use in this question. Either: compound value, present value, amount of annuity, present value of annuity, or sinking fund. With the answer being $303.65. On February 11, Peg Carry borrowed $25,000 at 2.65% interest. Interest and principal are due on July 26. What is the interest cost? Use an ordinary method (360 days).
- TAKE NOTE: This is the second time for me to ask this question and I hope you can give me the correct solution and answer for this. My problem was different from the problem in this link (https://www.bartleby.com/questions-and-answers/today-you-invest-p100000-into-a-fund-that-pays-25percent-interest-compounded-annually.-three-years-l/e26d5bb6-c78a-4575-9143-9ae27f361b83) because I did not include the statement, "After five withdrawals, you withdraw the balance in the fund." So here goes my question again: Today, you invest P100,000 into a fund that pays 25% interest compounded annually. Three years later, you borrow P50,000 from a bank at 20% annual interest and invest in the fund. Two years later, you withdraw enough money from the fund to repay the bank loan and all interest due on it. Three years from this withdrawal you start taking P20,000 per year out of the fund. How much was withdrawn?A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year. Find the following: 1. the sum after half a year2. periodic depositChoices a. 0.75b. 0.0075c. 6d. 1/2e. P24, 454.53f. P16, 180.90g. P4,000.00Don't use chat gpt A trust fund is being set up by a single payment so that at the end of 37 years there will be $89,764 in the fund. If interest is compounded continuously at an annual rate of 9%, how much money should be paid into the fund initially?
- Today is 1/7/2021, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today. John predicts that the return rate of this fund will be j2=3.59% from 1/7/2021 to 30/9/2021 and j2=3.93% from 1/10/2021 to 31/12/2021. What will be balance amount of this account on 31/12/2021? Round your answer to three decimal places. Question Answer a. 3034.806 b. 3032.925 c. 3033.446 d. 3033.714Your HVAC service provider says your home air/heating unit should be replaced in three years; the expected cost is $3800. What monthly deposit into a sinking fund earning 4.3% compounded monthly would provide the needed amount at that time? (Show how to solve using TMZ solver in TI-84 Plus Calculator)Today is 1/7/2021, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today. John predicts that the return rate of this fund will be j 2 = 3.2% from 1/7/2021 to 30/9/2021 and j2 = 4.83% from 1/10/2021 to 31/12/2021. What will be balance amount of this account on 31/12/2021? Round your answer to three decimal places.Question 11 Answer a. 3037.527 b. 3038.404 с. 3038.048 d. 3039.408
- A college savings fund is opened with a $12,000 deposit. The account earns 6.55% annual interest compounded continuously. What will the value of the account be in 18 years? $26,704.29 $38,704.29 $27,013.46 $39,013.46 . By formula only please correct ansWhat amount of money (in Php) invested today at 11.97% interest can provide the following scholarships: Php 35,389 at the end of each year for first 8 years, Php 45,100 each year for the next 8 years, and Php 55.060 thereafter? Note: Please show the complete solution with the formulas used as it is needed for my reviews. Thank You!Answer the Situation below correctly show your complete solution. A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10 years . The fund earns 9 % annual interest , compounded monthly , and paid at the end of the month . How much is in the account right after the last deposit ? c . The number of conversion period is_____________________________.d . The interest rate per period is___________. e . The present value of the deposit is___________. (I just need the Solution) Answers: c. 12; d. 0.075; e. 30 000.00 Php