A company wants to set up ank fund to repay a loan of years. If the sinking an 15 annual interest rate of 70, how muon should the company deposit into the sinking fund each year? 1. $2170 2. $1560 3. $1254 4. $2,000 C

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A company would like to have $400,000 in 6 years. How much should be invested semiannually into an account paying 3.6% compounded semiannually? 7. Identify the type of problem. a. Present Value with compound interest b. Future Value of an Annuity c. Present Value of an Annuity d. Amortization e. Sinking Fund 8. Answer the question in the problem. a. $30,681.38 b. $29,754.02. c. $34,245.54 d. $30,160.79 c. $28,541.46

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