What is sinking fund and where will it be reported if given in adjustments Please solve w
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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.What amount of nonspontaneous, additional funds (AFN) will be needed during the next year? Lux Co. December 31 balance sheet is given belowA 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.
- At what two times would an entry be made affecting the change fund?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 yrUsing the sinking fund table, complete: Required Amount Needed Freq of Payment Years Interest Rate Payment Amount end of each period $40,000 Quarterly 7 8%
- 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 $1075. The interest rate needed is approximately %. (Type an integer or decimal rounded to two decimal places as needed.)Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $7,000 annually 0.5% 6 yrFind the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $45,000 monthly 8% 35 yr
- Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $90,000 semiannually 2% 15 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 solverUsing 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 -
