Finite Math

posted by .

Sinking fund which the goal of $100,000 to reach with n=22, i= 0.
03

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math sinking payment

    Could some one please explian What is a sinking fund payment.. Example at 8% interest compounded quarterly in order to reach $20,000 with in five years the sinking payment would be required at the end of each three month period
  2. Future Value/Present Value Problems

    A) Serene Williams Corporation having recently issued a 20 million, 15 year bond issue, is committed to malke annual sinking fund deposits of 600,000. The deposits are made on last day of eac year and yield a return of 10%. Will the …
  3. Math

    The management of Gibraltar Brokerage Services anticipates a capital expenditure of $27,000 in 3 yr 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 …
  4. math

    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?
  5. Finite Math

    The amount desired in a sinking fund is given. Find the periodic payments required to obtain the desired amount. A = $75,000, the interest rate is 7.2%, and payments are made quarterly for 4 years.
  6. accounting

    A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment …
  7. accounting

    A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment …
  8. Math Finance

    Word problem asks to find rate of interest on a monthly deposit for a sinking fund that is needed to produce 130,000 in 20 years. I applied the model, (fv/pv)^1/t -1 I use n/t if compounding yearly, quaterly, etc. No matter what I've …
  9. Math

    You 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?
  10. Math (Sinking fund)

    Kenny opened a sinking fund account and hopes to accumulate $16,000 in 25 months. The yearly interest rate is 7.8%. How much should he invest per month to reach his goal?

More Similar Questions