A corporation creates a sinking fund in order to have $880,000 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 7.9% 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?

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…

A:

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: eeds $50,000 as a down payment for a home. If they invest the $35,000 they have at 8% compounded…

A: Compound interest formula is used

Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 4%…

A:

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

A:

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: savings account pays simple interest at 6% annually. If the account starts with $5000, how much will…

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Q: Nazerhy deposits $9,000 in a certificate of deposit. The annual interest rate is 4%, and the…

A:

Q: How much should you deposit at the end of each month into an IRA that pays 8.5% compounded monthly…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

Q: An investment offers an interest rate of 4% compounded quarterly. Kamala invested an amount of $X in…

A: Given: invested amount(P)=$X, time(T)=6 years, interest rate(r)=4%(compounded quarterly), amount of…

Q: David posted $1500 in a savings account and an annual interest rate of 3% compound monthly. At the…

A: If P is the principal amount and the compound rate is r  (annually)then the monthly compounded…