Homework Answers
N = 4, I = 6%, FV = 246000, PV = 0, Calculate PMT using,
=PMT(6%, 4, 0, 246000)
PMT = 56233.51 ( This is the deposit that the company should make each year
Add Answer to:
Your company wants to set aside a fixed amount every year to a sinking fund to...
-27 How much invested now at an interest rate of 9% compounded annually would be just...
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...
6 Q097 Sinking Fund Veronica wants to set up a sinking fund in order to have...
6 Q097 Sinking Fund Veronica wants to set up a sinking fund in order to have $16,300. in 14 years. she can obtain an annual interest rate of 3.65%. Find the amount of payment she should pay into the fund at the end of each period in order to achieve this goal. Assume that the interest on the fund is compounded monthly and the payments are at the end of each month. Round your final answer to the nearest penny....
A corporation creates a sinking fund in order to have $670,000 to replace some machinery in...
A corporation creates a sinking fund in order to have $670,000
to replace some machinery in 8 years. How much should be placed in
this account at the end of each month if the annual interest rate
is 6.5% compounded monthly? (Round your answers to the nearest
cent.)
$
How much interest would they earn over the life of the
account?
$
Determine the value of the fund after 2, 4, and 6 years.
2 years
$
4 years
$...
A credit card company wants your business. If you accept their offer and use their card,...
A credit card company wants your business. If you accept their offer and use their card, they will deposit 2% of your monetary transactions into a savings account that will earn a guaranteed 4% per year. If your annual transactions total an average of $21,000, how much will you have in this savings plan after 17 years? Click the icon to view the interest and annuity table for discrete compounding when /-4% per year. Quiz No The amount you will...
Solve this mathematically, don't use excel! A sinking fund is set up to accumulate $70,000. The...
Solve this mathematically, don't use excel! A sinking fund is set up to accumulate $70,000. The fund pays j1 = 15%. Annual deposits of $5,000 are made to the fund. (a) How much interest does the fund earn during the year between the 5th and 6th deposits? (b) How many $5,000 deposits are required? (c) What is the size of the final smaller deposit? (Explain your answer).
pls solve this mathematically without the use of excel. thank you. A sinking fund is set...
pls solve this mathematically without the use of excel. thank you. A sinking fund is set up to accumulate $70,000. The fund pays j1 = 15%. Annual deposits of $5,000 are made to the fund. (a) How much interest does the fund earn during the year between the 5th and 6th deposits? (b) How many $5,000 deposits are required? (c) What is the size of the final smaller deposit? (Explain your answer).
A corporation creates a sinking fund in order to have $700,000 to replace some machinery in...
A corporation creates a sinking fund in order to have $700,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each week if the annual interest rate is 7% compounded weekly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years...
A corporation creates a sinking fund in order to have $900,000 to replace some machinery in...
A corporation creates a sinking fund in order to have $900,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each week if the annual interest rate is 6.7% compounded weekly? (Round your answers to the nearest cent.) How much interest would they earn over the life of the account? Determine the value of the fund after 2, 4, and 6 years 2 years $ 4 years 6 years
A corporation wishes to raise capital by selling sinking fund debentures through the agency of a...
A corporation wishes to raise capital by selling sinking fund debentures through the agency of a syndicate of investment bankers who agree to market and underwrite the securities for a commission fee of 3 percent of the nominal capital. Debentures are bonds unsecured by any specific property. The investment banker guarantees to sell the entire issue at the stated price. The debentures mature and are due at face value after a stated number of years. The sinking fund refers to...
A high-tech company wants to have $2.5 billion available in 5 years to develop a new...
A high-tech company wants to have $2.5 billion available in 5 years to develop a new product. The company expects to invest uniformly increasing amounts of money each year to meet this goal. At the end of the first year, the company will deposit $50 million in an account that is expected to earn 10% annually. Determine how much the uniformly increasing deposit must be each year thereafter to meet this goal.
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...
6 Q097 Sinking Fund Veronica wants to set up a sinking fund in order to have $16,300. in 14 years. she can obtain an annual interest rate of 3.65%. Find the amount of payment she should pay into the fund at the end of each period in order to achieve this goal. Assume that the interest on the fund is compounded monthly and the payments are at the end of each month. Round your final answer to the nearest penny....
A corporation creates a sinking fund in order to have $670,000
to replace some machinery in 8 years. How much should be placed in
this account at the end of each month if the annual interest rate
is 6.5% compounded monthly? (Round your answers to the nearest
cent.)
$
How much interest would they earn over the life of the
account?
$
Determine the value of the fund after 2, 4, and 6 years.
2 years
$
4 years
$...
A credit card company wants your business. If you accept their offer and use their card, they will deposit 2% of your monetary transactions into a savings account that will earn a guaranteed 4% per year. If your annual transactions total an average of $21,000, how much will you have in this savings plan after 17 years? Click the icon to view the interest and annuity table for discrete compounding when /-4% per year. Quiz No The amount you will...
A corporation creates a sinking fund in order to have $900,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each week if the annual interest rate is 6.7% compounded weekly? (Round your answers to the nearest cent.) How much interest would they earn over the life of the account? Determine the value of the fund after 2, 4, and 6 years 2 years $ 4 years 6 years
A corporation wishes to raise capital by selling sinking fund debentures through the agency of a syndicate of investment bankers who agree to market and underwrite the securities for a commission fee of 3 percent of the nominal capital. Debentures are bonds unsecured by any specific property. The investment banker guarantees to sell the entire issue at the stated price. The debentures mature and are due at face value after a stated number of years. The sinking fund refers to...
Most questions answered within 3 hours.
-
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 35 minutes ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 1 hour ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 3 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 3 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 5 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 5 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 5 hours ago -
75 g of 2-propanol (C3H8O) and 25 g of pentane are mixed in a
200 mL...
asked 5 hours ago -
The 2800-turn coil in a dc motor has an area per turn of 1.1 ×
10-2...
asked 5 hours ago -
Draw a combinational logic circuit diagram with a symbol inside
the box for two I/P of...
asked 5 hours ago -
The cliché we use quite a lot in finance is: there is a need to
maximize...
asked 5 hours ago -
In class we discussed the addition of HCl to alpha pinene. Would
you expect one or...
asked 5 hours ago