interest rate needed for the sinking fund
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- Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $21,657 to be accumulated in 4 years; quarterly payments of $1225.Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $14,129 to be accumulated in 3 years; quarterly payments of $1075. The interest rate needed is approximately %. (Type an integer or decimal rounded to two decimal places as needed.)Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $26746 to be accumulated in 6 years; quarterly payments of $925 The interest rate needed is approximately __ % (Type an integer or decimal rounded to two decimal places as needed) Thank you so much
- Use the accompanying sinking fund formula to determine the payment needed to reach the accumulated amount. Semiannual payments with 7% interest are compounded semiannually for 7 years to accumulate $18,000determine 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 solverUse the sinking fund formula shown to the right to determine the semiannual payments with 6% interest are compounded semiannually for 4 years to accumulate $64,000. The semiannual invested payment is $
- Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,200,000, r = 4.9%, compounded quarterly for 45 years $Use the sinking fund formula shown to the right to determine the semiannual payments with 8% interest are compounded semiannually for 4 years to accumulate $24,000.Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,000,000, r = 5.8%, compounded semiannually for 30 years
- Use the sinking fund formula shown to the right to determine the monthly payment needed to accumulate $400,000 with 7% interest are compounded monthly for 29 years. The monthly invested payment is $In order to meet a future liability in exactly 17 years time, a company plans to invest in a fund the following annuity payments: £3974 paid at the end of each quarter during the first 6 years followed by £5179 paid at the end of each 6 months until the end of year 17 (inclusive). Assuming an effective rate of interest of 2.9% per quarter-year throughout the entire 17-year period, calculate, to 2 decimal places, the total amount of fund the company will hold at the end of this investment period. (correct answer: 696906.98) (need working out)Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $95,000 quarterly 1.3% 7 yr
