A corporation creates a sinking fund in order to have $860,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each quarterif the annual interest rate is 6.5% compounded quarterly? (Round your answers to the nearest cent.)$ 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 4th year?$

Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: It is given that, principal amount invested is P = $3600, percentage rate is r= 0.43%, No of times…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $233 per month…

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Q: A savings account deposit $2000 is to earn 3.5% compounded quarterly. Assuming there are no deposit…

A:

Q: How an aclount in the account in 8 years Assume the account. earns 6% interest CompoyAced monthly…

A:

Q: You deposit $ 9,906 in an account earning 4 % interest compounded monthly. How much will you have in…

A: Given Data: The principle investment is: P=9906 $. The interest rate is per month is: r=4% Total…

Q: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

A: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

A: The formula for calculating compound interest when time period is specified in years and interest…

Q: Determine the value of the annuity for the indicated monthly deposit amount, the number of deposits,…

A: The objective of this question is to calculate the value of an annuity given the monthly deposit…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Find the final amount of money in an account if $4600 is deposited at 3% interest compounded…

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Q: $700 is invested at 4.75% annual interest, compounded monthly. What is the balance after 25 years?…

A: The principal amount, P = $700 Rate of interest, r = 4.75% = 0.0475 The number of times interest…

Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

A: Topic-compound interest

Q: Appa deposits $1000 in an account earning 3.8% interest compounded monthly. How much will Appa have…

A:

Q: A person 100$ in a bank account at the beginning of the month . The bank offers a return of 12%…

A: Given that: Principal amount in bank, P0 =100$ Rate of interest, i=12%

Q: A grandparent puts $5,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: Given that: Principal(P) is $5000. The rate of interest(r) is 3.75%. Time(t) is 16 years and n is…

Q: ate of 6%, how much If the balance at the end of eight years on an investment of $230 that has been…

A: Given amount = $285.20 principal = $230