A sinking fund is established to discharge a debt of $50,000 in 25 years. If deposits...
A sinking fund is established to discharge a debt of $50,000 in 25 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 4%, compounded semiannually, what is the amount of each deposit? (Round your answer to the nearest cent.)
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A sinking fund is established to discharge a debt of $50,000 in
25 years. If deposits...
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....
A sinking fund is established by a working couple so that they will have $60,000 to...
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end o each 3-month period for 16 years, and if interest is paid at 14%, compounded quarterly, what size deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due (b) Solve the problem (Round...
need corrections please ty answers only please A sinking fund is established by a working couple...
need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
Sepia Inc. issued bonds for $500,000 that were redeemable in 8 years. They established a sinking...
Sepia Inc. issued bonds for $500,000 that were redeemable in 8 years. They established a sinking fund that was earning 5.75% 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. b. Calculate the sinking fund balance at the end of the payment period 10. c. Calculate the interest earned in payment period 11....
answers only please How much must be deposited at the beginning of each year an account...
answers only please
How much must be deposited at the beginning of each year an account that pays 7%, compounded annually so that the account will contain $32,000 at the end of 5 years? (Round your answer to the nearest cent) $ Need Help? What is the size of the payments that be deposited at the beginning of each 6-month period in an account that pays 5.2%, compounded semiannually, so that the account will have a future value of $140,000...
i just need the correct answer A sinking fund is established by a working couple so...
i just need the correct answer
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what she deposits must they make (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due...
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....
Parents have set up a sinking fund in order to have $49,000 in 7 years for...
Parents have set up a sinking fund in order to have $49,000 in 7 years for their children's college education. How much should be paid every quarter into an account paying 8.25% compounded quarterly? What is the amount of interest that would be earned over the 7 year period? Deposit amount: $ (Round to the nearest cent.) Interest earned over the 7 year period: $
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
$...
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....
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end o each 3-month period for 16 years, and if interest is paid at 14%, compounded quarterly, what size deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due (b) Solve the problem (Round...
need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
answers only please
How much must be deposited at the beginning of each year an account that pays 7%, compounded annually so that the account will contain $32,000 at the end of 5 years? (Round your answer to the nearest cent) $ Need Help? What is the size of the payments that be deposited at the beginning of each 6-month period in an account that pays 5.2%, compounded semiannually, so that the account will have a future value of $140,000...
i just need the correct answer
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what she deposits must they make (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due...
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....
Parents have set up a sinking fund in order to have $49,000 in 7 years for their children's college education. How much should be paid every quarter into an account paying 8.25% compounded quarterly? What is the amount of interest that would be earned over the 7 year period? Deposit amount: $ (Round to the nearest cent.) Interest earned over the 7 year period: $
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
$...
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