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124 0.4950495 0.4926108 0.4901961 0.4854369 0.4807692 0221 0.3267547 0.3235304 0.3203485 0.3141098 0.3080335 2811 0.2426238 0.2390270 0.2354900 0.2285915 0.2219208 0398 0.1921584 0.1883546 0.1846271 0.1773964 0.1704565 5484 0.1585258 0.1545975 0.1507619 0.1433626 0.1363154 5283 0.1345120 0.1305064 0.1266096 0.1191350 0.1120724 5903 0.1165098 0.1124564 0.1085278 0.1010359 0.0940148 7404 0.1025154 0.0984339 0.0944930 0.0870222 0.0800797 5821 0 0913265. 0.0872305 0 0832909. 00758680.0 0690295

124 0.4950495 0.4926108 0.4901961 0.4854369 0.4807692 0221 0.3267547 0.3235304 0.3203485 0.3141098 0.3080335 2811 0.2426238 0.2390270 0.2354900 0.2285915 0.2219208 0398 0.1921584 0.1883546 0.1846271 0.1773964 0.1704565 5484 0.1585258 0.1545975 0.1507619 0.1433626 0.1363154 5283 0.1345120 0.1305064 0.1266096 0.1191350 0.1120724 5903 0.1165098 0.1124564 0.1085278 0.1010359 0.0940148 7404 0.1025154 0.0984339 0.0944930 0.0870222 0.0800797 5821 0 0913265. 0.0872305 0 0832909. 00758680.0 0690295

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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$1.00 Sinking Fund Payments Rate per period Periods 1% 2% 3% 4% 6% 8% 1 1.0000000 1.0000000 1.0000000 1.0000000 1.0000000 1.0000000 2 0.4975124 0.4950495 0.4926108 0.4901961 0.4854369 0.4807692 0.3300221 0.3267547 0.3235304 0.3203485 0.3141098 0.3080335 0.2462811 0.2426238 0.2390270 0.2354900 0.2285915 0.2219208 5 0.1960398 0.1921584 0.1883546 0.1846271 0.1773964 0.1704565 6 0.1625484 0.1585258 0.1545975 0.1507619 0.1433626 0.1363154 7 0.1386283 0.1345120 0.1305064 0.1266096 0.1191350 0.1120724 8. 0.1206903 0.1165098 0.1124564 0.1085278 0.1010359 0.0940148 0.1067404 0.1025154 0.0984339 0.0944930 0.0870222 0.0800797 10 0.0955821 0.0913265 0.0872305 0.0832909 0.0758680 0.0690295 11 0.0864541 0.0821779 0.0780774 0.0741490 0.0667929 0.0600763
Transcribed Image Text:$1.00 Sinking Fund Payments Rate per period Periods 1% 2% 3% 4% 6% 8% 1 1.0000000 1.0000000 1.0000000 1.0000000 1.0000000 1.0000000 2 0.4975124 0.4950495 0.4926108 0.4901961 0.4854369 0.4807692 0.3300221 0.3267547 0.3235304 0.3203485 0.3141098 0.3080335 0.2462811 0.2426238 0.2390270 0.2354900 0.2285915 0.2219208 5 0.1960398 0.1921584 0.1883546 0.1846271 0.1773964 0.1704565 6 0.1625484 0.1585258 0.1545975 0.1507619 0.1433626 0.1363154 7 0.1386283 0.1345120 0.1305064 0.1266096 0.1191350 0.1120724 8. 0.1206903 0.1165098 0.1124564 0.1085278 0.1010359 0.0940148 0.1067404 0.1025154 0.0984339 0.0944930 0.0870222 0.0800797 10 0.0955821 0.0913265 0.0872305 0.0832909 0.0758680 0.0690295 11 0.0864541 0.0821779 0.0780774 0.0741490 0.0667929 0.0600763
Stein and Company has established a sinking fund to retire a bond issue of $700,000, which is due in ten years. How much is the quarterly sinking fund payment if the account pays 16% annual interest compounded quarterly? E Click the icon to view the $1.00 sinking fund payments table. The sinking fund payment is S: (Round to the nearest cent as needed.)
Transcribed Image Text:Stein and Company has established a sinking fund to retire a bond issue of $700,000, which is due in ten years. How much is the quarterly sinking fund payment if the account pays 16% annual interest compounded quarterly? E Click the icon to view the $1.00 sinking fund payments table. The sinking fund payment is S: (Round to the nearest cent as needed.)
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