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?

Q: What equal annual payment must be deposited into a sinking fund to accu- mulate $60,000 in 20 years…

A: Sinking Funds refers to an arrangement of annuity for a definite time period for the accumulation of…

Q: $1500 is invested semi-annually for 3 years into a fund that pays 6.8% per year, compounded semi-…

A: We have; Amount invested semi annually as $1500  Interest rate is 6.8% compounded semi annually Time…

Q: What semiannual sinking fund payment would be required to yield $47,000 seven years from now? The…

A: Sinking fund (SF) is an account in which a fixed amount is deposited periodically and interest is…

Q: Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year,…

A:

Q: How much should be invested now (to the nearest $) to receive $24,000 per annum in perpetuity if the…

A: We have the following information: Annuity: $24,000 Rate of Interest: 5%

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round…

A: We need to calculate periodic/weekly payment by using sinking fund formula PMT =FVn1+rnn*t-1rn Where…

Q: What equal series of payments must be paid into a sinking fund in order toaccumulate each given…

A: Sinking fund refers to the funds that are kept by the companies aside on periodic basis so that…

Q: Find the present value of the investment. (Round your answer to the nearest cent.) funding $8,000…

A: Honor code: Since you have asked multiple questions, we will solve the one question for you. If you…

Q: Find the present value of the investment

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

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: $11,000 is to be paid at the end of each year in a legal settlement. The payments end after 9 years.…

A:

Q: Your RRSP savings of $25,000 are converted to a RRIF at 5.25% compounded monthly that pays $5,300 at…

A: Rate = 5.25% Monthly rate (I/Y)                        = 5.25/12 = 0.437500  Amount available (PV)…

Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A: Annual payment (P) = $30,000 Interest rate (r) = 5.52% Period (n) = 10 Years

Q: semiannual payments must be set aside into a sinking fund to replace the equipment in eight years if…

A: Original cost today = 650000  Salvage value at end of 8th year = 50000 Inflation rate = 2%   Cost of…

Q: P240,000 will be deposited in a fund at the beginning of each six months for 5 yrs. Using 11% as the…

A: Semi annual deposit = P = P240,000 Interest rate = 11% Semi annual interest rate (r) = 11%/2 = 5.50%…

Q: Ten thousand pesos is deposited annually for 10 years with an annual interest rate of 3.2%, how much…

A: Annual deposit (P) = P10,000 Interest rate (r) = 3.2% Number of annual deposits (n) = 10

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: A sinking fund can be referred to as a type of fund specially created to pay off the debts.…

Q: Find the present value of the investment. (Round your answer to the nearest cent.) funding $3,000…

A: The term "annuity" refers to a series of consistent payments that are made at regular periods over…

Q: A loan of 350000 is taken over twenty years and will be repaid using the sinking fund method with…

A: Loan amount (P) = 350000 Annual interest rate = 3% Quarterly interest rate (r) = 3%/4 = 0.75% Period…

Q: A fund is being formed by monthly deposit of P2,000 at 6% compounded monthly a) Find the amount…

A: future value of annuity=A×1+rmm×n-1rmwhere,A=monthly depositr=rate of interestm=frequency of…

Q: You deposit $50,000 into a fund that pays 5% per year compounded annually. You plan to make the…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

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: Find the amount of each payment to be made into a sinking fund which earns 8% compounded quarterly…

A: End of period payments N = 3.5 years i.e. 14 quarters Interest rate = 8%/4 = 2% per quarter Future…

Q: Calculate the future value of end-of-quarter payments of $5,000 made for 5 years into an investment…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: A sinking fund of $100,000 is to be established with equal payments at the end of each half-year for…

A: Present value = $100,000 Time = 15 years ;  semi annual period = 30 Rate =10% ; semi annual rate =…

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: Your RRSP savings of $52,500 are converted to a RRIF at 4.22% compounded monthly that pays $5,372 at…

A: EXCEL FORMULA:

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 8%…

A: Sinking fund can be defined as the saving fund, in which, the business organizations tend to…

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: What sinking fund payment is required at the end of each 6-month period, at 6% interest compounded…

A: Payment required at end of each 6-year period can be calculated as: = Future Value / Future value of…

Q: Find the amount necessary to fund the given withdrawals  yearly withdrawals of $1150 for 10 years;…

A: Present value of annuity: Annuity payment * Present Annuity Factor of $1 at i% for n years. Where, i…

Q: Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly…

A: A fund that is created to repay a debt or replacement of an asset by putting an equal sum of amount…

Q: At the beginning of each year? ___________ At the end of each year?

A: Information Provided: Funds amount = $300,000 Annual earning rate = 7.75% Term = 25 years

Q: Kenchana Sdn. Bhd. needs $2,100,000 in 3 years. Find the required semiannual payment into a sinking…

A: Business use sinking funds to accumulate funds to purchase new equipment or to meet other expensive…

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: How much should be deposited now by Tom Cruise in an investment paying an annual rate of 16%…

A: Answer: Calculation of the amount that should be deposited now by Tom Cruise to realize $300,000 in…

Q: If a fund pays 12% compounded annually, what single deposit now will accumulate $12,000 at the end…

A: Time value of money- It is based on the concept that money earned today is worth more than similar…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given

A: Present value (PV) is the value of future’s money at today’s date. PV of annuity refers to the…

Q: A fund is built with annual payments increasing by $1 from $1 to $10 and then decreasing by $1 to…

A: The answer to this question is a Palindromic annuity The formula to be used for solving this is,

Q: What sinking fund payment would you need at the end of each three months at 12% interest compounded…

A: Information Provided: Interest = 12% compounded quarterly Amount = $3500 Term = 4 years

Q: $3000 into the fund. If the investments grew at a rate of 8% per year over the 15 years, how much is…

A: Information Provided: Present value = $10,000 Interest rate = 8% Term = 15 years Annual deposit =…

Q: Find the present value of the investment. (Round your answer to the nearest cent.) funding $6,000…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: How long will it take to build up a fund of P65000.00 by saving P250.00 every month at 5.5%…

A: Future value (FV) = P 65000 Monthly saving (P) = P 250 Annual interest rate  = 5.5% Monthly interest…

Q: What semiannual sinking fund payment would be required to yield $45,000 nine years from now? The…

A: Given information: Future value is $45,000 Annual interest rate is 6% Number of years is 9

Q: Second Hand Software needs to accumulate $12,000 in 3 years to meet future needs. What sinking fund…

A: Sinking fund is defined as the method of the funds repayment, which borrows by the bond issue by the…

Q: Your RRSP savings of $35,000 are converted to a RRIF at 3.25% compounded monthly that pays $5,100 at…

A: The amount in retirement fund will be depleted after some period of time due to payment and interest…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.