Q8). A company establishes a sinking fund for plant renovation in 8 years at an estimated...
Q8). A company establishes a sinking fund for plant renovation in 8 years at an estimated cost of $2,500,000.
a) How much should be invested semiannually into an account paying 8.76% compounded semiannually to achieve this objective?
b) How much interest will the account earn in the 8 years?
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Q8). A company establishes a sinking fund for plant renovation
in 8 years at an estimated...
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?
$
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5. + 6.25/6 points Previous Answers TEAFM2 F.3.026. A corporation creates a sinking fund in order...
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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
$...
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 $900,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each week if the annual interest rate is 6.7% compounded weekly? (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 6 years
5. + 6.25/6 points Previous Answers TEAFM2 F.3.026. A corporation creates a sinking fund in order to have $350,000 to replace some machinery in 9 years. How much should be placed in this account at the end of each month if the annual interest rate is 3.5% compounded monthly? (Round your answers to the nearest cent.) $ 2761.76 How much interest would they earn over the life of the account? $ 51729.92 Determine the value of the fund after 2,...
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1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
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