se the sinking fund formula shown to the right to determine the monthly payment needed to accumulate ​$560,000 with 9​% interest are compounded monthly for 31 years. p=Arn1+rnnt−1 The monthly invested payment

Q: What equal annual payment must be deposited into a sinking fund to accu- mulate $60,000 in 20 years…

A: Sinking Funds refers to an arrangement of annuity for a definite time period for the accumulation of…

Q: Compute the missing variable for each of the following alternatives of investments to accumulate…

A: The present value can be converted the future value using the technique of compounding, while the…

Q: Find the amount of each payment to be made into a sinking fund which earns 7% compounded quarterly…

A: Answer Future Value $32,000 Period In Years 2.5 Rate 7% Compund  Quaterly Total Periods…

Q: Assume that you want to have $ 4100 saved in a sinking fund in 1 year. The account pays 3%…

A: Future value (FV) = $ 4100 Annual interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25%…

Q: Find the required monthly payment to accumulate 2,000 in 1 year and five months at an APR of 4.34 %…

A: Future value annuity is the future value of series of cash flows calculated at specified rate for…

Q: Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year,…

A:

Q: Find the amount of each payment to be made into a sinking fund so that enough will be present to…

A: The objective of the question is to find the amount of each payment to be made into a sinking fund…

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round…

A: We need to calculate periodic/weekly payment by using sinking fund formula PMT =FVn1+rnn*t-1rn Where…

Q: Determine the principal P that must be invested at rate r = 3%, compounded monthly, so that $700,000…

A: Future value (FV) = $700,000 Interest rate = 3.50% Monthly interest rate (r) = 3.50%/12 =…

Q: What monthly payment into a sinking fund at 8% compounded semi –annually will be needed to raise…

A: Sinking Fund is a fund that is kept aside or borrowed to pay off a debt or a loan. It helps the…

Q: Assume you want to have $4050 saved in a sinking fund in 1 year. The account pays 3.5% compounded…

A: The amount of money invested over a period of time with the assumption of investment growth at a…

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: FV = $1,000,000 r = 5.8% Number of compounding per year (m) = 2 Period (t) = 30 Years

Q: Find the size of each of 9 payments made at the end of each year into a 8% rate sinking fund which…

A: An annuity is used to fulfill a financial goal by making regular payments at a specific interest…

Q: Using the appropriate PV​ table, compute the present value of the following​ amount: $24,000 payable…

A: Present value (PV) is the current value of a future sum of money or stream of cash flows given a…

Q: Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of $700 for 9 years;…

A: An annuity is a financial product or investment that provides a regular income stream for a fixed…

Q: The sum P350,000 will be needed at the end of 3 years. If money can be invested at 5% compounded…

A: We need to fist determine the semi annual end of period payment that will accumulate to the desired…

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 6​%…

A: Sinking fund formula can be used to calculate the semiannual payment to accumulate the the amount.…

Q: Find the amount necessary to fund the given withdrawals. Quarterly withdrawals of $950 for 5 years;…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

Q: Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to…

A: Solution:- When an equal amount is made each period at end of period, it is called ordinary annuity.…

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: A sinking fund can be referred to as a type of fund specially created to pay off the debts.…

Q: The payment size is $. (Round to the nearest cent.)

A: End of period payments N = 3.5 years i.e. 14 quarters Interest rate = 8%/4 = 2% per quarter Future…

Q: What monthly payment into a sinking fund at 8% compounded semi –annually will be needed to raise…

A: Sinking Fund is a fund that is kept aside or borrowed to pay off a debt or a loan. It helps the…

Q: f K40, 000 is deposited at the end of each half year in an account that earns 6.2%  compounded…

A: Comment - Multiple Questions Asked Interest  It is the amount that the borrower must pay in order to…

Q: Use the accompanying sinking fund formula to determine the payment needed to reach the accumulated…

A: Accompanying sinking fund formula:-A= [P*(1+R/n)^(t*n) -1] /R/nWhere A= Accumulated amount.P= Each…

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given Information: Required amount is $620,000 Interest rate is 8% Compounded monthly for 32 years

Q: Using the sinking fund formula or a financial calculator, complete the following: (Do answer to the…

A: A sinking fund refers to an amount that is kept aside for paying off the debt obligations at the…

Q: Find

A: RATE (7.2%/2) 0.036 PERIOD (45*2) 90 PRESENT VALUE 0 FUTURE VALUE $700,000

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: Future Value is $2,200,000 Interest rate r is 4% compounded quarterly Quarterly rate is 4%4=1% Time…

Q: Steffi Derr expects to invest $5,000 annually that will earn 10%. How many annual investments must…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

A: The question asked to compute the sing king fund payment.   Future value: Future value refers to the…

Q: Find the capitalized cost of a present cost of P800,000, annual costs of P55,000, and periodic costs…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: n the information given int he following case, determine the number of years that the given oridinay…

A: Initial amount (PV) = $ 26,800 Annual cash flow (P) = 6,561 Rate of return (r) = 6% Number of year =…

Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

A: The concept of time value of money states that the current worth of money is more than its value in…

Q: Find the amount of each payment to be made into a sinking fund earning 8% compounded monthly to…

A: Future value = $51,000  Interest rate = 8% compounded monthly  Period = 8 years  Payments are made…

Q: For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed…

A: Step 1 The worth of a series of recurrent payments at a specific future date, assuming a specific…

Q: You deposit 20,000 today into a fund paying (i)=8%. From this fund, you receive 10 payments of R,…

A: Computation of R:

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: Future value can be computed by compounding each of the annual payment.  Future value can be…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. $2,300 per…

A: A concept that implies the future worth of the money is lower than its current value due to several…