Find the amount of time needed for a sinking fund with monthly deposits of $2,000 at 9% to accumulate to $1,000,000.
Discuss how a sinking fund’s term would change if the percentage is reduced?
Find the amount of time needed for a sinking fund with monthly deposits of $2,000 at...
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. $30,000 to be accumulated in 9 years; annual payments of $2488 % The interest rate needed is approximately (Round to two decimal places as needed.)
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. $30,000 to be...
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $275 monthly at 5.6% to accumulate $25,000. _________yr 2- Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $18,000 at 3% for 15 years if...
$77 000 to be accumulated in 20 years; monthly payments of 195$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. (5.3, ex 22)
Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $80,000; money earns 4.2% compounded monthly for 1 years $2131.89 51994.94 51968.15 56539.30
Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. $85,000; money earns 4% compounded semiannually years The payment size is $ . (Do not round until the final answer. Then round to the nearest cent.)
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 $75,000 quarterly 1.2% 5 yr
Question 22 (2.5 points) Find the amount of the payment into a sinking fund for the following. Amount Needed Years Until Needed Interest Rate Interest Compounded $17,500 4 8% Annually $1,899.28 $3,883.60 O $1,645.18 $2,038.93
Calculate the present value of an annuity with monthly deposits of $2,000 at 5% for 20 years. Discuss how the present value of an annuity will change if the deposit is doubled?
QUESTION 4 Find the amount of each payment to be made into a sinking fund so that enough money will be able to pay off a loan of $34,050 due in 9 years if money is earns 4.50% compounded annually. Assume this to be an ordinary annuity. A. $3,152.16 B. $2,770.95 C. $3,630.06 D. $3,184.39 QUESTIONS If Russell wanted to start making payments today, what would be the amount of each payment into a sinking fund so that enough money...
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For the sinking fund below, compute (a) the size of the periodic payment and (b) the accumulated balance at the time indicated. Amount of Payment Payments Conversion Term Interest Rate Accumulated Sinking Fund Interval Made At: Period Balance After $9,000 1 month end 5 years 6% monthly payment 42 (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places...