# math for business and finance

posted by .

What sinking fund payment would be required at the end of each three-month period, at 8% interest compounded quarterly, in order to amount to \$20,000 within 5 years?

## 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

What sinking fund payment would be required at the end of each three-month period, at 8% interest compounded quarterly, in order to amount to \$20,000 within five years?
3. ### business math

I'm trying to solve this problem: What sinking fund payment would be required at the end of each three-month period, at 8% interest compounded quarterly, in order to amount to 20,000. I just need to know how to work the problem correctly.
4. ### math for busness and finance

what sinking fund payment would be required at the end of each six-month period, at 12% interest compounded semiannually, in order to amount to \$40,000 within four years?
5. ### 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 …
6. ### Finance - Loans problem

A company borrows \$170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company …
7. ### Finance - Loans problem

Can someone please explain how this problem is laid out to solve.A company borrows \$170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal …
8. ### Finance - Loans problem

Reiny the answer 307.33 you posted at the bottom is coming up incorrect. please if you can help i would be very grateful. A company borrows \$170000, which will be paid back to the lender in one payment at the end of 5 years. The company …