Prestige Properties plans to raise $225,000 over a 10-year period so they can purchase a parcel of land. In order to obtain this amount, the company has decided to make semiannual investments into a sinking fund that will earn 8% per year compounded semiannually for the next 10 years. Using the sinking fund table, calculate the amount of each semiannual sinking fund payment required to raise $225,000 in 10 years.

Gary Bogut just received a signing bonus of $1,062,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually. Instead of investing the entire $1,062,000, Bogut invests $278,900 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments if Bogut plans to establish the $2,122,938 foundation at the end of 9 years?

Jackson Clinic is starting an endowment fund to pay for the expenses of a allied health training program.  The expenses are $2,500,000 per year, and the program needs to be endowed for 50 years.  Assuming payments are made at the end of each year and the interest rate is 7% per year, what should be the initial size of the endowment?

The Joshi Fish Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 3 years. In anticipation of the expansion, JFF invests money into a mutual fund that earns 6% compounded annually to finance the expansion. At the end of year 1, they invest $100,000. They increase the amount of their investment by $25,000 each year. How much will JFF have at the end of 3 years so that it can pay for the expansion?

need help asap :((

Solve by using the sinking fund or amortization formula. Betty Price purchased a new home for $245,000 with a 10% down payment and the remainder amortized over a 15 year period at 9% interest. (a) What amount (in $) did Betty finance? $  (b) What equal monthly payments (in $) are required to amortize this loan over 15 years? (Round your answer to the nearest cent.) $  (c) What equal monthly payments (in $) are required if Betty decides to take a 20 year loan rather than a 15 year loan? (Round your answer to the nearest cent.) $

A corporation creates a sinking fund in order to have $790,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each week if the annual interest rate is 5.8% compounded weekly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the fourth week of the 4th year?