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For the sinking fund below, compute (a) the size of the periodic...
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)...
A sinking fund amounting to $21,000 is to be created by making payments at the beginning...
A sinking fund amounting to $21,000 is to be created by making payments at the beginning of every 6 months for 8 years. Interest earned by the fund is 85% compounded semi-annually. Determine the size of the periodic payment and compute the interest eamed during the fifth payment interval. Verify your answer by checking the sinking fund schedule The size of the payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
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...
help me plzz ind 9% The debt is amortized by the periodic payment shown. Compute (a)...
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ind 9% The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Payment Conversion Outstanding Debt Principal Debt Payment Interval Interest Rate Period Principal After: $15,000 $1483 1 month monthly 8th payment (a) The number of payments required to amortize the debt is (Round the final answer up to the nearest whole number. Round all intermediate values to six...
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...
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: $15,000 6 years 1 month 6% monthly 6th...
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...
Determine the size of the periodic payment of the following ordinary general annuity. Present Value Payment...
Determine the size of the periodic payment of the following ordinary general annuity. Present Value Payment Period Term of Annuity Interest Rate Conversion Period monthly $14,700 3 months 3 years, 6 months 3.4% The periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
The debt is amortized by equal payments made at the end of each payment interval Compute(a)...
The debt is amortized by equal payments made at the end of each payment interval Compute(a) the stre of the periodic payments) 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 Payment Conversion Period Interest Rate Outstanding Interval Period Principal After $13,000 5 years 3 months quarterly 8th payment (a) The...
The debt is amortized by the periodic payment shown Compute (a) the number of payments required...
The debt is amortized by the periodic payment shown Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated Debt Debt Payment Conversion Outstanding Principal Payment Interval Interest Rate Period Principal After: $17.000 $1329 6 months 6% semi-annually 8th payment (@) The number of payments required to amortize the debt is I (Round the final answer up to the nearest whole number Round all intermediate values to six decimal places as...
A sinking fund amounting to $21,000 is to be created by making payments at the beginning of every 6 months for 8 years. Interest earned by the fund is 85% compounded semi-annually. Determine the size of the periodic payment and compute the interest eamed during the fifth payment interval. Verify your answer by checking the sinking fund schedule The size of the payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
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ind 9% The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Payment Conversion Outstanding Debt Principal Debt Payment Interval Interest Rate Period Principal After: $15,000 $1483 1 month monthly 8th payment (a) The number of payments required to amortize the debt is (Round the final answer up to the nearest whole number. Round all intermediate values to six...
Determine the size of the periodic payment of the following ordinary general annuity. Present Value Payment Period Term of Annuity Interest Rate Conversion Period monthly $14,700 3 months 3 years, 6 months 3.4% The periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
The debt is amortized by equal payments made at the end of each payment interval Compute(a) the stre of the periodic payments) 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 Payment Conversion Period Interest Rate Outstanding Interval Period Principal After $13,000 5 years 3 months quarterly 8th payment (a) The...
The debt is amortized by the periodic payment shown Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated Debt Debt Payment Conversion Outstanding Principal Payment Interval Interest Rate Period Principal After: $17.000 $1329 6 months 6% semi-annually 8th payment (@) The number of payments required to amortize the debt is I (Round the final answer up to the nearest whole number Round all intermediate values to six decimal places as...
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