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Find the amount of the payment to be made into a sinking fund so that enough...
Find the amount of each payment to be made into a sinking fund so that enough...
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
QUESTION 4 Find the amount of each payment to be made into a sinking fund so...
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...
A student borrows $56,400 at 8.4% compounded monthly. Find the monthly payment and total interest paid...
A student borrows $56,400 at 8.4% compounded monthly. Find the monthly payment and total interest paid over a 30 year payment plan. The payment size is $ (Round to the nearest cent.) Find the size of each of 4 payments made at the end of each year into a 9% rate sinking fund which produces $56000 at the end of 4 years. The payment size is $ (Round to the nearest cent.) Find the amount of each payment 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
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...
For the sinking fund below, compute (a) the size of the periodic payment and (b) the...
For the sinking fund below, compute (a) the size of the periodic payment and (b) the accumulated balance at the time indicated. Amount of Sinking Fund Payment Interval Payments Made At: Term Interest Rate Conversion Period Accumulated Balance After $7,000 3 months end 9 years 10% quarterly payment 23 (a) The size of the periodic payment is $ nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b)...
Help me Asap!! Pllzzz For the sinking fund below, compute (a) the size of the periodic...
Help me Asap!! Pllzzz
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...
In order to accumulate enough money for a down payment on a house, a couple deposits...
In order to accumulate enough money for a down payment on a house, a couple deposits $624 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 3 years? What is the amount in the account after 3 years? $ (Round to the nearest cent as needed.)
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....
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each...
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each year for the next four years. What is the amount that will accumulate by the end of the fourth and final payment if the sinking fund earns 9% interest? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar...
Find the present value (the amount that should be invested now to accumulate the following amount)...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $8000 at 6% compounded semiannually for 7 years The present value is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)
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
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...
A student borrows $56,400 at 8.4% compounded monthly. Find the monthly payment and total interest paid over a 30 year payment plan. The payment size is $ (Round to the nearest cent.) Find the size of each of 4 payments made at the end of each year into a 9% rate sinking fund which produces $56000 at the end of 4 years. The payment size is $ (Round to the nearest cent.) Find the amount of each payment to be...
Help me Asap!! Pllzzz
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...
In order to accumulate enough money for a down payment on a house, a couple deposits $624 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 3 years? What is the amount in the account after 3 years? $ (Round to the nearest cent as needed.)
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....
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $8000 at 6% compounded semiannually for 7 years The present value is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)
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