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A sinking fund amounting to $21,000 is to be created by making payments at the beginning...
A sinking fund amounting to $16,000 is to be created by making payments at the beginning...
A sinking fund amounting to $16,000 is to be created by making payments at the beginning of every 6 months for 5 years. Interest earned by the fund is 9.6% compounded semi-annually. Determine the size of the periodic payment and compute the interest earned during the fourth payment interval. Verify your answer by checking the sinking fund schedule. The size of the payment is $nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to...
Asunking fund amounting to $17,000 is to be created by making payments at the beginning of...
Asunking fund amounting to $17,000 is to be created by making payments at the beginning of every months for 7 years. Interesteamed by the fund is 62% compounded semi-annually Determine the size of the periode payment and compute the interesteamed during the fourth payment interval Verify your answer by checking the sinking fand schedule The size of the payment is (Round the final answer to the nearest cant as needed. Round all intermediate values to be decimal places as needed)...
A sinking fund amounting to $20,000 is to be created by making payments at the beginning...
A sinking fund amounting to $20,000 is to be created by making payments at the beginning of every 3 months for 8 years. Interest earned by the fund is 6.6% compounded quarterly. Determine the size of the periodic payment and compute the interest earned during the fourth payment interval. Verify your answer by checking the sinking fund schedule. The size of the payment is $ nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values...
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...
Sepia Inc. issued bonds for $350,000 that were redeemable in 9 years. They established a sinking...
Sepia Inc. issued bonds for $350,000 that were redeemable in 9 years. They established a sinking fund that was earning 4.49% compounded semi-annually to pay back the principal of the bonds on maturity. Deposits were being made to the fund at the end of every 6 months. a. Calculate the size of the periodic sinking fund deposit. $0.00 Round your answer up to the next cent b. Calculate the sinking fund balance at the end of the payment period 12....
Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answ...
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
The debt is amortized by equal payments made at the end of each payment interval. Compute...
The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated; and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal. Debt Principal Repayment Period Payment Interval Interest Rate Conversion Period Outstanding Principal After: $14,000 6 years 6 months 10% semi-annually 7th...
Find the amount of the payment to be made into a sinking fund so that enough...
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.)
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....
Asunking fund amounting to $17,000 is to be created by making payments at the beginning of every months for 7 years. Interesteamed by the fund is 62% compounded semi-annually Determine the size of the periode payment and compute the interesteamed during the fourth payment interval Verify your answer by checking the sinking fand schedule The size of the payment is (Round the final answer to the nearest cant as needed. Round all intermediate values to be decimal places as needed)...
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...
Sepia Inc. issued bonds for $350,000 that were redeemable in 9 years. They established a sinking fund that was earning 4.49% compounded semi-annually to pay back the principal of the bonds on maturity. Deposits were being made to the fund at the end of every 6 months. a. Calculate the size of the periodic sinking fund deposit. $0.00 Round your answer up to the next cent b. Calculate the sinking fund balance at the end of the payment period 12....
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.)
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....
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