Homework Help: math

Posted by Sissy on Monday, February 4, 2013 at 9:10pm.

u deposit $100 at the end of each quarter in a sinking fund earning 4% compounded quarterly. How many quarterly deposits must you make in order to reach your goal of saving $10,000? Round your answer off to the nearest whole number

No one has answered this question yet.

Answer this Question

Related Questions

Finance - Joseph has just retired and is trying to decide between two retirement...
Math sinking payment - Could some one please explian What is a sinking fund ...
Math - The management of Gibraltar Brokerage Services anticipates a capital ...
Math - At the end of each quarter, a 50-year-old woman puts $3000 in a ...
math - What sinking fund payment would be required at the end of each three-...
math - How much money must you deposit now at 6% interest compounded quarterly ...
business math - I'm trying to solve this problem: What sinking fund payment ...
Finance - Mary needs $9000 in 7 years. What amount can she deposit at the end of...
math - How much interest will you earn on $5,000 if you invest the money in a 5...
Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...

For Further Reading

First Name:
School Subject:
Answer: