A business must raise $57,000 in five years. What should be the size of the owners quarterly payment to a sinking fund paying 8% compounded quarterly?

Determine when, to the nearest year, $3,000 invested at 5% per year, compounded daily, will be worth $10,000. yr

2. Invest $4000 at an annual rate of 6% compounded a) semiannually c) quarterly. What is the amount after 5 years.

A company needs $350,000 to pay a debt four years from now. The company can place cash in a 5% compounding interest-bearing account. How much money should the company invest today in order to meet the goal? Round to the nearest whole dollar.

17. Four Seasons Pools needs $115,000 in 3 years. Find the required quarterly payment into a sinking fund if funds are invested in an account earning 8% per year compounded quarterly.

A new hotel built in Banff cost $56 million to build. The owner's financing arrangements allow for quarterly payments at 8.2% compounded semi-annually over the next 20 years. The first payment is to be made today. a. What is the amount of the final payment? Number b. Calculate the principal and interest portions of the payments in the final five years. Principal (PRN) = Number Interest (INT) = Number

A company has had record profits and decided to use some of the profits to pay for manufacturing improvements. If the company can invest $1,600,000.00 in an a annuity will that will make payments at the beginning of every six months for 4 years. If the annuity pays 5.6%, compounded semi-annual. What is the size of payments that the company can expect?The payment amount will be $. (Round to 2 decimal places.)

HY Industries Ltd. plans to replace a warehouse in eleven years at an anticipated cost of ​$55,000. To pay for the​ replacement, a sinking fund has been established into which equal payments are made at the end of every quarter. Interest is 7.5​% quarterly.   ​(a) What is the size of the periodic​ payment? ​(b) What is the accumulated balance just after the 32th ​payment?

Cargojet Corp. is preparing for the replacement of one of its jets in three years by making payments to a sinking fund at the beginning of every six months for the next three years. The fund earns 6% compounded semiannually, and the capital required in three years is $750,000.  What is the size of the semiannual payment made to the sinking fund? __________ How much of the maturity value of the fund will be interest? __________ Construct a partial sinking fund schedule showing details of the first two and the last two payments and totals. Round the sinking fund payments, interest payments and increases in the fund to the nearest dollar.

How much would a business have to invest in a high-growth fund to receive $13,000 every month for 7 years, receiving the first payment 3 years from now? The investment earns interest at 7.25% compounded monthly.