Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking fund to pay this note. If the fund earns 3.5% compounded semiannually, how much must each semiannual deposit be? (Round your answer to the nearest cent.) $
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Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking fund to pay this note. If the fund earns 3.5% compounded semiannually, how much must each semiannual deposit be? (Round your answer to the nearest cent.)
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking fund to pay this note. If the fund earns 2.5% compounded semiannually, how much must each semiannual deposit be? (Round your answer to the nearest cent.)$You deposit $1,000 in a fund at the end of each year for a 10- year period. The fund pays 5% compounded annually. How much money is available to withdraw immediately after your last deposit?
- A trust fund is to be formed by depositing #4766 twice a year for 7 years in a bank that promises to pay a fixed rate over the entire term. If the amount of the fund at the end of the term is #86123, then what is the rate (in %) compounded semi-annually? Round your answer to 2 decimal places.Show Solution. Topic: Simple Annuity Due 1. Marlon places P3,600 at the beginning of every six months in a fund that earns at 12% compounded semiannually. How much is in the fund just before the 10th deposits is made?Use the formula for the value of an annuity to solve:To offer scholarship funds to children of employees, a company invests $15,000 at the end of every three months in an annuity that pays 9% compounded quarterly. a. How much will the company have in scholarship funds at the end of ten years? b. Find the interest.Round answers to the nearest dollar.
- You deposit $9500 per quartely for 1 years at i, = 8.31 %. This fund then provides for a perpetuity of $6100 per year, with the first payment made n month after the final deposit. At the time of the first perpetuity payment, interest rates fall to i, = 2.37 %. Find n. %3D Answer: 30.36Answer the Situation below correctly show your complete solution.I already provided the answer I just need the SOLUTION.( Annuities )A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10 years . The fund earns 9 % annual interest , compounded monthly , and paid at the end of the month . How much is in the account right after the last deposit ? a . The type of annuity illustrated in the problem is _____________________.b . The term is __________________.c . The number of conversion period is_____________________________.d . The interest rate per period is___________. e . The present value of the deposit is___________. Answers: a. Simple Annuity; b. 10; c. 12; d. 0.075; e. 30 000.00 PhpDobsen Door Manufacturer s sets up sinking fund to raise $75000 to pay off the maturity value of a three year note. If the sinking fund earns 3.8% compounded monthly how much should they set aside each month?
- Sebastopol Movie Theater will need $170,000 in 4 years to replace the seats. What deposit should be made today in an account that pays 0.6% compounded semiannually? (a) State the type. sinking fundordinary annuity present valueamortizationpresent value of an annuity (b) Answer the question. (Round your answer to the nearest cent.)A 10,000 loan is paid off over 10 years; interest is 6 percent effective. The borrower uses a sinking fund that pays 3 percent interest (effective) and makes yearly deposits into the fund (end of the year). Interest on the loan is charged yearly (end of the year). 14. What is the yearly deposit (sinking fund deposits and interest?) 15. a101.06&.03GQ Corporation hopes to withdraw 59,000 at the end of each year for six years from a fund that earns 7% interest. How much should the corporation invest today? Draw a timeline to illustrate the problem. Interest is compounded annually. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) Caro today (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table) (Click the icon to view the Present Value of an Annuity Due table) How much should the corporation invest today? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, XXXXXXX Round your final answer to the nearest cent. SXXX) The…