A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year. Find the following: 1. amount in the fund after the 4th deposit. 2 . periodic rate of interest 3. total number of conversion/compounding periods. Choices a. 0.75 b. 0.0075 c. 6 d. 1/2 e. P24, 454.53 f. P16, 180.90 g. P4,000.00
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A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year.
Find the following:
1. amount in the fund after the 4th deposit.
2 . periodic rate of interest
3. total number of conversion/compounding periods.
Choices
a. 0.75
b. 0.0075
c. 6
d. 1/2
e. P24, 454.53
f. P16, 180.90
g. P4,000.00
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- A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year. Find the following: 1. the sum after half a year2. periodic depositChoices a. 0.75b. 0.0075c. 6d. 1/2e. P24, 454.53f. P16, 180.90g. P4,000.00Find 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. Round answer to the nearest cent.1 $79,000; money earns 6% compounded semiannually for 13 years 2A. $1,335.44B. $1,940.57OC. $982.92OD. $1,152.81Find 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. Round answer to the nearest cent. $79,000; money earns 6% compounded semiannually for 13- 1 13 years A. $1,335.44 B. $1,940.57 ○ C. $982.92 D. $1,152.81
- Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed A Frequency Rate Time $120.000 quarterly 9% 25 vrFind the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $95,000 quarterly 1.3% 7 yrUsing the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) Frequency of payment Payment amount end of each Required Interest Length of time amount rate period 24,700 Quarterly 5 years 8% acer %24
- 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 $436.91Please dont answer in spreadsheet format, i wont understand 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. 4) $8900; money earns 5% compounded annually; 13 annual paymentsFind the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed A Frequency Rate Time $45,000 monthly 4% 35 yr
- A fund is being formed by monthly deposit of P2,000 at 6% compounded monthly a) Find the amount after a year b) What is the amount in the fund just after the 5 deposit? c) Construct the sinking fund schedule for a 5 month period.3) Payments of $2500 made at the beginning of each semiannual period for 15 years at 4% compounded semiannually Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. Please show all the workings.Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $7,000 annually 0.5% 6 yr