3000.00 120.00 706.47 706.47 706.47 706.47 2293.53 C 120.00 A B 120.00 D 2205.32 794.68 0.00 120.00 706.47 88.21 3000.00

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: We need to use RATE function in excel to calculate interest rate. The formula is…

Q: Find the amount of each payment to be made into a sinking fund so that enough will be present to…

A: The objective of the question is to find out the amount of each payment to be made into a sinking…

Q: A company plans to make four annual deposits of $7,000 each to a special building fund. The fund's…

A: Deposit amount = $7,000Annual interest rate = 12%Number of years = 4 years

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round…

A: We need to calculate periodic/weekly payment by using sinking fund formula PMT =FVn1+rnn*t-1rn Where…

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: FV = $1,000,000 r = 5.8% Number of compounding per year (m) = 2 Period (t) = 30 Years

Q: Consider a loan of $98,000 at 7% compounded annually, with 12 annual payments. Find the following.…

A: Loan amortization can be defined as the procedure of amortizing the loan in such a way that the loan…

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 6​%…

A: Sinking fund formula can be used to calculate the semiannual payment to accumulate the the amount.…

Q: A company plans to make four annual deposits of $3,500 each to a special building fund. The fund's…

A: Annual deposit = $3500Interest rate = 12%Number of years = 4To find: Fund balance after 4 years when…

Q: Find the amount of each payment to be made into a sinking fund earning 9% compounded monthly to…

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Q: A company plans to make four annual deposits of $6,250 each to a special building fund. The fund's…

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Q: Construct an amortization schedule for a $275,000, 6.8% annual rate loan with 30 equal payments.

A: Loan Amount = $ 275000Loan Term = 30 YearsInterest Rate = 6.80%

Q: mortgage instruments expected Note: Use tables, Excel, or a fir

A: 1. The First $3,750 Deposit Is Made  On December 31,2021, And Interest Is Componded Annually -…

Q: Using the sinking fund formula or a financial calculator, complete the following: (Do answer to the…

A: A sinking fund refers to an amount that is kept aside for paying off the debt obligations at the…

Q: Find

A: RATE (7.2%/2) 0.036 PERIOD (45*2) 90 PRESENT VALUE 0 FUTURE VALUE $700,000

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: Future Value is $2,200,000 Interest rate r is 4% compounded quarterly Quarterly rate is 4%4=1% Time…

Q: Urgently need. An engineer wishes to set up a special fund by making uniform semiannual…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: 4. ( s) Fund A earns interest at a simple rate of i% a year. $P is invested in fund A. (a) What is…

A: Simple Interest: An investment is said to earn a simple interest if the interest is computed on the…

Q: Find the amount of each payment to be made into a sinking fund which earns 8​% compounded quarterly…

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Q: Shannon deposited $15,500 into a fund at the beginning of every quarter for 20 years. He then…

A:

Q: A company plans to make four annual deposits of $4,250 each to a special building fund. The fund's…

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Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

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A: Future value=$9000Interest rate=5%Period one year=1Quarterly interest rate=r=5/4=1.25%Quarterly…

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Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.