A corporation decides to deposit fixed payment per account earning 9% interest per year in order to create a sinking fund so they will have 235,000 to replace some machinery in 9 years. How much interest does the account earn in the third quarter of the fourth year?
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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?A corporation decides to deposit a fixed payment per quarter into an account earning 4% interest per year in order to create a sinking fund so they will have $121,000 to replace some machinery in 7 years. How much interest does the account earn in the third quarter of the fourth year?What amount of money must invert in a bank that pay the 25 % annual, capitalizable monthly, with the objective of get, to the final of three years, the addition of $3,000 000.00? Which would is amount Yes the rate it is capitalizable semi-annually?
- A corporation decides to deposit a fixed payment per quarter into an account earning 9% interest per year, compounded quarterly, in order to create a sinking fund so they will have $125,000 to replace some machinery in 5 years. How much interest does the account earn in the first quarter of year 3? (Enter an answer correct to the nearest cent.).A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment to a sinking fund paying 4% compounded quarterly? (Round your answer to the nearest cent.)An investment company wants to establish a sinking fund to pay off debts of $85 million which come due in 10 years. The company can earn interest at the rate of 9 percent per year compounded annually. If the first deposit is made at the end of this year, what annual deposit will be required to accumulate the $85 million?
- 6. A company wishes to spend P40,000 for a new office copier and decides to set up a sinking fund to accumulate this money over a 3-year period. If payments are to be made to the fund quarterly, with interest compounded quarterly at an annual rate of 5%, how large should the payments be? 7. How much must Brix place in his account at the end of each month in order to have P125,000 at the end of 4 years, if money is worth 6% compounded monthly?You plan to make a lump-sum deposit of $5000 now into an investment account that pays 6% per year, and you plan to withdraw an equal end-of-year amount of $1000 for 5 years, starting next year. At the end of the sixth year, you plan to close your account by withdrawing the re- maining money. Define the engineering economy symbols involved.A company wants to accumulate a sum of money to repay certain debts due in the future. The company will make annual deposits of $175,000 into a special bank account at the end of each of 10 years. Assuming the bank account pays 8% interest compounded annually, what will be the fund balance after the last payment is made in ten years?
- A firm needs to replace most of its machinery in 4 years at a cost of $590,000. The company wishes to create a sinking fund to have this money available in 4 years. How much should the monthly deposits be if the fund earns 5% compounded monthly?A business sets up a sinking fund so they will have a $49,000.00 to pay for a replacement piece of equipment in 7 years when the current equipment will be sold for scrap. If they make deposits at the end of each month for 7 years in the investment that pays 7.4% compounded monthly, what size should each payment be?A business sets up a sinking fund so they will have a $68,000.00 to pay for a replacement piece of equipment in 12 years when the current equipment will be sold for scrap. If they make deposits at the end of each quarter for 12 years in the investment that pays 6.3% compounded quarterly, what size should each payment be? Answer: The quarterly payments are $. (Round to the nearest cent/penny)