A company sold $250,000 bonds and set up a sinking fund that was earning 8% compounded semi-annually to retire the bonds in three years. If it made equal deposits into the fund at the beginning of every six months, construct a partial sinking fund schedule showing the details for the first two and last two payments and the totals of the schedule.

The Simpson Company invested $20000 in a fund that was earning interest at a rate of 5% compounded semi-annually. After 3 years and 9 months, the company transferred these funds to another investment that was earning interest at 5.5% compounded monthly, What is the balance in the fund at the end of 5 vears (from the initial investment)? Show your calculator entries in the table below with the first 3 years and 9 months on the left and the remainder of the time on the right. Save Ans N = N= I/Y = IY = PV = PV = PMT = PMT = FV = FV = PY = PY = C/Y = CY = The balance in the fund at the end of 5 years is $

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.)

A sinking fund is established to discharge a debt of $60,000 in 15 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 4%, com is the amount of each deposit? (Round your answer to the nearest cent.) %24

Red Company invested $10,000 in a fund that was earning interest at a rate of 3.00% compounded semi-annually. After 3 years and 9 months, the company transferred these funds to another investment that was earning interest at 5.50% compounded monthly. a. What is the balance in the fund at the end of 3 years and 9 months? b. What is the balance in the fund at the end of 6 years (from the initial investment)? c. By what amount did the fund grow during the 6 year period?

Deposits of Php 1500 each were made in a sinking fund at the end of each year. If the fund earned interest at the rate of 6% per annum, what was the principal in the fund immediately after the seventh deposit was made?

A corporation creates a sinking fund in order to have $640,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 6.1% compounded quarterly? (Round your answers to the nearest cent.) $11731.10 x How much interest would they earn over the life of the account? $ 170756.04 X Determine the value of the fund after 2, 4, and 6 years. 2 years $99013.71 X 4 years $210771.88 X 6 years $336914.93 X How much interest was earned during third quarter of the 4th year?

$2,300 was deposited at the end of every month for 6 years into a fund earning 2.3% compounded monthly. After this period, the accumulated money was left in the account for another 5 years at the same interest rate. a) Calculate the accumulated amount at the end of the 11-year term. b) Calculate the total amount of interest earned during the 11-year period. TVM Solver

Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $2,200,000, r = 4%, compounded quarterly for 35 years

A company deposited $5,500 into an investment fund at the beginning of every quarter for 6 years. It then stopped making deposits into the fund and allowed the investment to grow for 6 more years. The fund was growing at 5.25% compounded monthly. a. What was the accumulated value of the fund at the end of 6 years? Round to the nearest cent b. What was the accumulated value of the fund at the end of 12 years? Round to the nearest cent c. What was the amount of interest earned over the 12-year period? Round to the nearest cent