Friday
August 29, 2014

Homework Help: math

Posted by Victoria on Monday, December 9, 2013 at 7:02pm.

The management of Gibraltar Brokerage Services anticipates a capital expenditure of $23,000 in 4 years for the purpose of purchasing new computers and has decided to set up a sinking fund to finance this purchase. If the fund earns interest at the rate of 11%/year compounded quarterly, determine the size of each (equal) quarterly installment that should be deposited in the fund.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - The management of Gibraltar Brokerage Services anticipates a capital ...
finance management - John Roberts has $42,180.53 in a brokerage account, and he ...
words - what is a huge limestone mass on Spain's southern coast? it starts with...
economics - Given the following exports of merchandise 107 exports of services ...
Finance - Chipís Home Brew Whiskey management forecasts that if the firm sells ...
finance 571 - Chipís Home Brew Whiskey management forecasts that if the firm ...
business law - Which of following is true about the capital contributions of ...
business law - Which of following is true about the capital contributions of ...
math - Chipís Home Brew Whiskey management forecasts that if the firm sells each...
Finance - Problem 12.24 Your answer is incorrect. Try again. Chipís Home Brew ...

Search
Members