Chapter 12, Problem 29AT

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Sinking fund payment

Sinking Fund |
Payment |
Time |
Nominal |
Interest |
Future Value |
|||||||

Payment |
Frequency |
Period (years) |
Rate (%) |
Compounded |
(Objective) |
|||||||

29. |
every years | 4 | 3.7 | annually | $25,000 |

To determine

**To calculate:** The amount of sinking fund payment where payment frequency is

Explanation

**Given Information:**

Payment frequency is

**Formula used:**

The formula to compute the sinking fund payment is,

Here *FV* is the future value, *i* is the interest rate per period (nominal rate *n* is the number of periods (years

**Calculation:**

Consider that Payment frequency is

The rate period is

The number of periods is

Sect-12.I P-1TIESect-12.I P-2TIESect-12.I P-3TIESect-12.I P-1RESect-12.I P-2RESect-12.I P-3RESect-12.I P-4RESect-12.I P-5RESect-12.I P-6RESect-12.I P-7RE

Sect-12.I P-8RESect-12.I P-9RESect-12.I P-10RESect-12.I P-11RESect-12.I P-12RESect-12.I P-13RESect-12.I P-14RESect-12.I P-15RESect-12.I P-16RESect-12.I P-17RESect-12.I P-18RESect-12.I P-19RESect-12.I P-20RESect-12.I P-21RESect-12.I P-22RESect-12.I P-23RESect-12.I P-24RESect-12.II P-4TIESect-12.II P-5TIESect-12.II P-6TIESect-12.II P-1RESect-12.II P-2RESect-12.II P-3RESect-12.II P-4RESect-12.II P-5RESect-12.II P-6RESect-12.II P-7RESect-12.II P-8RESect-12.II P-9RESect-12.II P-10RESect-12.II P-11RESect-12.II P-12RESect-12.II P-13RESect-12.II P-14RESect-12.II P-15RESect-12.II P-16RESect-12.II P-17RESect-12.II P-18RESect-12.II P-19RESect-12.II P-20RESect-12.II P-21RESect-12.II P-22RESect-12.II P-23RESect-12.II P-24RESect-12.III P-7TIESect-12.III P-8TIESect-12.III P-9TIESect-12.III P-10TIESect-12.III P-1RESect-12.III P-2RESect-12.III P-3RESect-12.III P-4RESect-12.III P-5RESect-12.III P-6RESect-12.III P-7RESect-12.III P-8RESect-12.III P-9RESect-12.III P-10RESect-12.III P-11RESect-12.III P-12RESect-12.III P-13RESect-12.III P-14RESect-12.III P-15RESect-12.III P-16RESect-12.III P-17RESect-12.III P-18RESect-12.III P-19RESect-12.III P-20RESect-12.III P-21RESect-12.III P-22RESect-12.III P-23RESect-12.III P-24RESect-12.III P-25RECh-12 P-1CRCh-12 P-2CRCh-12 P-3CRCh-12 P-4CRCh-12 P-5CRCh-12 P-6CRCh-12 P-7CRCh-12 P-8CRCh-12 P-9CRCh-12 P-10CRCh-12 P-11CRCh-12 P-12CRCh-12 P-13CRCh-12 P-14CRCh-12 P-1ATCh-12 P-2ATCh-12 P-3ATCh-12 P-4ATCh-12 P-5ATCh-12 P-6ATCh-12 P-7ATCh-12 P-8ATCh-12 P-9ATCh-12 P-10ATCh-12 P-11ATCh-12 P-12ATCh-12 P-13ATCh-12 P-14ATCh-12 P-15ATCh-12 P-16ATCh-12 P-17ATCh-12 P-18ATCh-12 P-19ATCh-12 P-20ATCh-12 P-21ATCh-12 P-22ATCh-12 P-23ATCh-12 P-24ATCh-12 P-25ATCh-12 P-26ATCh-12 P-27ATCh-12 P-28ATCh-12 P-29ATCh-12 P-30ATCh-12 P-31ATCh-12 P-32ATCh-12 P-33ATCh-12 P-34ATCh-12 P-35AT

Finite Mathematics and Applied Calculus (MindTap Course List)

Single Variable Calculus: Early Transcendentals, Volume I

Probability and Statistics for Engineering and the Sciences

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Elementary Geometry For College Students, 7e

Essentials Of Statistics

Elementary Technical Mathematics

Multivariable Calculus

Mathematical Applications for the Management, Life, and Social Sciences

Statistics for The Behavioral Sciences (MindTap Course List)

Intermediate Algebra

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Calculus: Early Transcendental Functions

Understanding Basic Statistics

Applied Calculus

Mathematical Excursions (MindTap Course List)

Calculus: Early Transcendentals

Precalculus: Mathematics for Calculus (Standalone Book)

Calculus: An Applied Approach (MindTap Course List)

Single Variable Calculus

Calculus (MindTap Course List)

Elements Of Modern Algebra

Single Variable Calculus: Early Transcendentals

Calculus: Early Transcendental Functions (MindTap Course List)

Calculus of a Single Variable

Trigonometry (MindTap Course List)

Finite Mathematics for the Managerial, Life, and Social Sciences

Study Guide for Stewart's Multivariable Calculus, 8th

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Elementary Geometry for College Students

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Introduction To Statistics And Data Analysis

Research Methods for the Behavioral Sciences (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)

Mathematics For Machine Technology

Calculus (MindTap Course List)

College Algebra (MindTap Course List)