Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. Round answer to the nearest cent. $79,000; money earns 6% compounded semiannually for 13- 1 13 years A. $1,335.44 B. $1,940.57 ○ C. $982.92 D. $1,152.81

Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $163,879 b. $127,200 c. $159,423 d. $158,169

What annual deposit is necessary to have $15,000 in 7 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type. amortization sinking fund ordinary annuity present value of an annuity present value (b) Answer the question. (Round your answer to the nearest cent.) $

What sinking fund payment would you need at the end of each three months at 12% interest compounded quarterly to amount $3500 in 4 years? $232.93 $732.32 $481.05 $173.64

Find the present value of the following perpetuity. Made At: beginning Perpetuity Payment $380 Payment Period 1 month Interest Rate 9.9% Conversion Period annually Find the present value. Do not approximate the answer. The present value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$  Amount Needed    A     Frequency    n     Rate    r     Time    t     $70,000     semiannually     3%     15 yr

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: 30.36

Using the sinking fund table, complete:       Required Amount Needed Freq of Payment Years Interest Rate Payment Amount end of each period $40,000 Quarterly 7 8%