a b C d e Sinking Fund Payment Payment Period every 6 months every year every 3 months every month every 3 months Time Period 6 years 8 years 4.25 years 3½ years 8 years Nominal Rate 12.5% 5.9% 11.1% 6% 8% Interest Compounded semi-annually annually quarterly monthly quarterly Future Value 670,000 5,521,000 66,790 88,000 530,000
a b C d e Sinking Fund Payment Payment Period every 6 months every year every 3 months every month every 3 months Time Period 6 years 8 years 4.25 years 3½ years 8 years Nominal Rate 12.5% 5.9% 11.1% 6% 8% Interest Compounded semi-annually annually quarterly monthly quarterly Future Value 670,000 5,521,000 66,790 88,000 530,000
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
Problem 1PS
Related questions
Question
Find the sinking fund payment
Transcribed Image Text:a
b
C
d
e
Sinking Fund
Payment
Payment Period
every 6 months
every year
every 3 months
every month
every 3 months
Time
Period
6 years
8 years
4.25 years
3½ years
8 years
Nominal
Rate
12.5%
5.9%
11.1%
6%
8%
Interest
Compounded
semi-annually
annually
quarterly
monthly
quarterly
Future Value
670,000
5,521,000
66,790
88,000
530,000
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