# math

posted by .

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

## 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. ### MATH

Find the amount accumulated in the sinking fund if \$1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)
3. ### MATH

Find the amount accumulated in the sinking fund if \$1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)
4. ### MATH

Find the amount accumulated in the sinking fund if \$1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)
5. ### 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 …
6. ### Finance

Joseph has just retired and is trying to decide between two retirement income option as to where he would place his life savings. Fund A will pay him quarterly payments for 25years starting at \$1000 at the end of the first quarter. …
7. ### 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?
8. ### Mathematics and investment

1. Angelo wants to renovate his house in 3 years. He estimates the cost 300,000. How much must Angelo invest now at 8% compounded quarterly in order to have 300,000 3 years from now. 2. Angelo Ancis want to save 500,000 in 5.5 years …
9. ### Math

You plan to make 24 equal quarterly payments (payments are at the end of each period) into an account to pays 8% (per year compounded quarterly). If you need \$5,000 at the end of 10 years (i.e. 4 years after the last payment is made …
10. ### Math help

You plan to make 24 equal quarterly payments (payments are at the end of each period) into an account to pays 8% (per year compounded quarterly). If you need \$5,000 at the end of 10 years (i.e. 4 years after the last payment is made …

More Similar Questions