A corporation creates a sinking fund in order to have $560,000 to replace some machinery in 10 years. How much should be placed in this account the end of each quarter if the annual interest rate is 6% compounded quarterly? (Round your answers to the nearest cent.) S How much interest would they earn over the life of the account? $
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- A corporation creates a sinking fund in order to have $630,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each month if the annual interest rate is 4.8% compounded monthly? (Round your answers to the nearest cent.) $4 How much interest would they earn over the life of the account? Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the second month of the 4th year? Additional Materials O eBookA corporation creates a sinking fund in order to have $570,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each month if the annual interest rate is 7.3% compounded monthly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the third month of the 6th year? $ Additional Materials eBookA corporation creates a sinking fund in order to have $910,000 to replace some machinery in 9 years. How much should be placed in this account at the end of each month if the annual interest rate is 5.7% compounded monthly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years How much interest was earned during the third month of the 4th year? $
- A corporation creates a sinking fund in order to have $520,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 3.8% compounded quarterly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $A corporation creates a sinking fund in order to have $500,000 to replace some machinery in 9 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 8.9% compounded quarterly? (Round your answers to the nearest cent.)$ How much interest would they earn over the life of the account?$ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the third quarter of the 7th year?$A corporation creates a sinking fund in order to have $640,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 5.3% compounded quarterly? (Round your answers to the nearest cent.)$ How much interest would they earn over the life of the account?$ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the second quarter of the 5th year?
- A corporation creates a sinking fund in order to have $790,000 to replace some machinery in 12 years. How much should be placed in this account at the end of each month if the annual interest rate is 5.9% compounded monthly? (Round your answers to the nearest cent.) How much interest would they earn over the life of the account? Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the fourth month of the 6th year?A corporation creates a sinking fund in order to have $440,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each week if the annual interest rate is 3.8% compounded weekly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years$4 years$6 years$ How much interest was earned during the second week of the 4th year?A corporation creates a sinking fund in order to have $590000 to replace some machinery in 9 years. How much should be placed in this account at the end of each month if the annual interest rate is 5.5% compounded monthly? (Round your answers to the nearest cent).$ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2 years ______$ 5years 6 years How much interest was earned during the third month of the 5th year?
- 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?Please solve #2 and #6 A corporation creates a sinking fund in order to have $860,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each quarterif the annual interest rate is 6.5% compounded quarterly? (Round your answers to the nearest cent.)$ 2. How much interest would they earn over the life of the account?$ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ 6. How much interest was earned during the third quarter of the 4th year?$Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $22,000; money earns 5% compounded semiannually for 16 y years $456.90 $418.15 $243.49 O $436.91