BuyFind

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447
BuyFind

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447

Solutions

Chapter
Section
Chapter 12.III, Problem 1RE
Textbook Problem

Note: Round to the nearest cent when necessary.

For the following sinking funds, use Table 12-1 to calculate the amount of the periodic payments needed to amount to the financial objective (future value of the annuity).

Sinking Fund Payment Time Period Nominal Interest Future Value
Payment Frequency (years) Kate (%) Compounded (Objective)
1.$2,113.50 Every 6 months 8 10 Semiannually $50,000

Expert Solution

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

See Solution

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.

Chapter 12 Solutions

Contemporary Mathematics for Business & Consumers
Show all chapter solutions
Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Solve the following exercises by using Table 12-1....Ch. 12.I - Solve the following exercises by using Table 12-1....Ch. 12.I - Solve the following exercises by using Table...Ch. 12.I - Solve the following exercises by using Table 12-1....Ch. 12.I - Solve the following exercises by using Table...Ch. 12.I - Solve the following exercises by using formulas....Ch. 12.I - Solve the following exercises by using...Ch. 12.I - Solve the following exercises by using formulas....Ch. 12.I - Annuities Due Annuity Payment Time Nominal...Ch. 12.I - Annuities...Ch. 12.I - Annuities Due Annuity Payment Time Nominal...Ch. 12.I - To establish a "rainy day" cash reserve account....Ch. 12.I - 23. As a part of his retirement planning strategy....Ch. 12.I - Hi-Tech Hardware has been in business for a few...Ch. 12.II - The Broadway Movieplex needs $20,000 at the end of...Ch. 12.II - You are the accountant at Supreme Lumber. Inc....Ch. 12.II - Use the present value of an annuity formula to...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Solve the following exercises by using Table...Ch. 12.II - Solve the following exercises by using Table...Ch. 12.II - Solve the following exercises by using Table 12-2....Ch. 12.II - Solve the following exercises by using Table 12-2....Ch. 12.II - Solve the following exercises by using Table...Ch. 12.II - Solve the following exercises by using Table...Ch. 12.II - Solve the following exercises by using formulas....Ch. 12.II - Solve the following exercises by using formulas....Ch. 12.II - Solve the following exercises by using...Ch. 12.II - Present value of an annuity...Ch. 12.II - Present value of an annuity due AnnuityPayment...Ch. 12.II - Present value of an annuity due AnnuityPayment...Ch. 12.II - As part of an inheritance. Joan Townsend will...Ch. 12.II - Norm Legend has been awarded a scholarship from...Ch. 12.III - Magi Khoo wants to accumulate $8,000 in 5 years...Ch. 12.III - Captain Bob Albrecht purchased a new fishing boat...Ch. 12.III - Big Sky Ski Rental Center will need $40,000 in 6...Ch. 12.III - Apex Manufacturing recently purchased a new...Ch. 12.III - Note: Round to the nearest cent when necessary....Ch. 12.III - Note: Round to the nearest cent when necessary....Ch. 12.III - Note: Round to the nearest cent when...Ch. 12.III - Note: Round to the nearest cent when...Ch. 12.III - Note: Round to the nearest cent when necessary....Ch. 12.III - You have just been hired as a loan officer at the...Ch. 12.III - You have just been hired as a loan officer at the...Ch. 12.III - Loan Payment Term of Nominal Present...Ch. 12.III - Loan Payment Term of Nominal Present...Ch. 12.III - Loan Payment Term of Nominal Present...Ch. 12.III - Solve the following exercises by using tables. 11....Ch. 12.III - Solve the following exercises by using tables. 12....Ch. 12.III - Solve the following exercises by using tables. 13....Ch. 12.III - Solve the following exercises by using tables....Ch. 12.III - Solve the following exercises by using tables. 15....Ch. 12.III - Solve the following exercises by using the sinking...Ch. 12.III - Solve the following exercises by using the sinking...Ch. 12.III - Solve the following exercises by using the sinking...Ch. 12.III - Loan Payment Time Nominal Kate Present Value...Ch. 12.III - Loan Payment Time Nominal Kate Present Value...Ch. 12.III - Loan Payment Time Nominal Kate Present Value...Ch. 12.III - 22. Turnberry Manufacturing has determined that it...Ch. 12.III - Randy Scott purchased a motorcycle for $8,500 with...Ch. 12.III - 24. Betty Price purchased a new home for $225,000...Ch. 12.III - The Shangri-La Hotel has a financial obligation of...Ch. 12 - Payment or receipt of equal amounts of money per...Ch. 12 - 2. In a simple annuity, the number of compounding...Ch. 12 - 3. An ordinary annuity is paid or received at the...Ch. 12 - 4. An annuity due is paid or received at the...Ch. 12 - The total amount of the annuity payments and the...Ch. 12 - The table factor for an annuity due is found by...Ch. 12 - 7. Write the formula for calculating the future...Ch. 12 - Write the formula for calculating the future value...Ch. 12 - 9. The lump sum amount of money that must be...Ch. 12 - The table factor for the present value of an...Ch. 12 - 11. A(n) ____ fund is an account used to set aside...Ch. 12 - ___ is a financial arrangement whereby a lump-sum...Ch. 12 - 13. Write the formula for calculating a sinking...Ch. 12 - Write the formula for calculating an amortization...Ch. 12 - Note: Round to the nearest cent when necessary....Ch. 12 - Note: Round to the nearest cent when...Ch. 12 - Use Table 12-1 to calculate the future value of...Ch. 12 - Use Table 12-1 to calculate the future value of...Ch. 12 - Use Table 12-2 to calculate the present value of...Ch. 12 - Use Table 12-2 to calculate the present value of...Ch. 12 - Use Table 12-2 to calculate the present value of...Ch. 12 - Use Table 12-2 to calculate the present value of...Ch. 12 - Use Table 12-1 to calculate the amount of the...Ch. 12 - Use Table 12-1 to calculate the amount of the...Ch. 12 - Use Table 12-2 to calculate the amount of the...Ch. 12 - Use Table 12-2 to calculate the amount of the...Ch. 12 - Solve the following exercises by using tables. 13....Ch. 12 - Solve the following exercises by using tables. 14....Ch. 12 - Solve the following exercises by using tables. 15....Ch. 12 - Solve the following exercises by using tables. How...Ch. 12 - Solve the following exercises by using tables. 17....Ch. 12 - Solve the following exercises by using tables. A...Ch. 12 - Solve the following exercises by using tables....Ch. 12 - Solve the following exercises by using tables....Ch. 12 - Solve the following exercises by using formulas....Ch. 12 - Solve the following exercises by using formulas....Ch. 12 - Annuity...Ch. 12 - Annuity due Annuity Payment Time Nominal Interest...Ch. 12 - Present value of an ordinary annuity Annuity...Ch. 12 - Present value of an ordinary annuity Annuity...Ch. 12 - Present value of an annuity due Annuity Payment...Ch. 12 - Present value of an annuity due Annuity Payment...Ch. 12 - Sinking fund payment Sinking...Ch. 12 - Sinking fund payment Sinking Fund Payment Time...Ch. 12 - Amortization payment Loan Payment Time Nominal...Ch. 12 - Amortization...Ch. 12 - 33. The town of Bay Harbor is planning to buy five...Ch. 12 - The Mesa Grande Bank is paying 9% interest...Ch. 12 - Sandpiper Savings Loan is offering mortgages at...

Additional Math Textbook Solutions

Find more solutions based on key concepts
Show solutions
Sales Of a Company A companys total sales (in millions of dollars) are approximately linear as a function of t ...

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

37. in the figures, which of the shaded regions (A, B, C, or D) has the area given by (a) (b)

Mathematical Applications for the Management, Life, and Social Sciences

Evaluate the integral. 0xsinxcosxdx

Calculus (MindTap Course List)

Differentiate the function. f(x ) = sin(ln x)

Single Variable Calculus: Early Transcendentals, Volume I

Write each number in decimal form: 7108

Elementary Technical Mathematics

Find the derivative. Simplify where possible. 37. y = ecosh 3x

Single Variable Calculus: Early Transcendentals

If 2x + 2 ≤ f(x) ≤ x2 + 3 for all x, then =_____. 1 4 does not exist exists but cannot be determined from the ...

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

Explain how a researcher using simple random sampling can still obtain a biased sample.

Research Methods for the Behavioral Sciences (MindTap Course List)

Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

Survey Research Results. A researcher reports survey results by stating that the standard error of the mean is ...

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

In Problems 4958 find a homogeneous linear differential equation with constant coefficients whose general solut...

A First Course in Differential Equations with Modeling Applications (MindTap Course List)