How much must be deposited in a fund at the end of each six months for 12 years to raise P25,000 by the end of that time, if money is worth 5% compounded semiannually? Make out the first six lines of the sinking
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. How much must be deposited in a fund at the end of each six months for 12 years to raise P25,000 by the end of that time, if money is worth 5% compounded semiannually? Make out the first six lines of the sinking
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- Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,900,000, r = 9%, compounded monthly for 25 yearsA fund is to be set up for an annual scholarship of $5000. If the first payment is due in three years and interest is 6.2% compounded quarterly, what amount mis be deposited in the scholarship fund today?Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,000,000, r = 5.8%, compounded semiannually for 30 years
- 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. $49,000; money earns 4% compounded semiannually for 13.5 yearsA sinking fund of $100,000 is to be established with equal payments at the end of each half-year for 15 years. Find the amount of each payment if money is worth 10% compounded semiannually.What amount should be deposited at 6% in order to draw out 20000 at the end of each year for seven years, and leave nothing in the fund at the end?
- Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,200,000, r = 4.9%, compounded quarterly for 45 years $How much can be paid in scholarships at the end of each half-year if $210,000 is deposited in a trust fund if interest is 4.5% compounded semi-annually?An endowment fund is providing an annual scholarship of P50,000 for the first five years, P60,000 for the next five years, and P90,000 thereafter. The fund will be established today and will award the first scholarship after a year. The fund earns 4.5 % annual interest. Find the present worth of this cost.
- A sinking fund amounting to $21,000 is to be created by making payments at the beginning of every year for 6 years. Interest earned by the fund is 5.9% compounded annually. Determine the size of the penodic payment and compute the interest earned during the fourth payment interval. Verify your answer by checking the sinking fund schedule. The size of the payment is SA fund is being formed by monthly deposit of P2,000 at 6% compounded monthly a) Find the amount after a year b) What is the amount in the fund just after the 5 deposit? c) Construct the sinking fund schedule for a 5 month period.trust fund for a childs education is being set up by a single payment so that at the end of 15 years there will be shs 24,000,000. If the fund earns interest at the rate of 7% compounded semi-annually how much money should be paid into the fund initially?
