aside over the next eight years at the end of each period to meetthese requirements of maintenance cost if all the funds wouldearn interest at the rate of 6% compounded semi-annually? A refinery estimates that one of its furnaces will requiremaintenance Php 20,000,000.00 at the end of 2 years, Php40,000,000.00 at the end of 4 years and Php 80,000,000.00 at theend of 8 years. What uniform semi-annual amounts could it set

Maintenance cost at end of 2nd year = Php 20,000,000 Maintenance cost at end of 4 year = Php…

Answered: aside over the next eight years at the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

To what amount will the following investment accumulate: $21,000 invested for 5 years at 5 percent compounded annually?
Use the sinking fund formula shown to the right to determine the semiannual payments with 8% interest are compounded semiannually for 4 years to accumulate $24,000.
Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $29,488 to be accumulated in 5 years; quarterly payments of $1275. %- The interest rate needed is approximately (Type an integer or decimal rounded to two decimal places as needed.)
Determine the amount needed now to purchase a machine for P100,000, provide an annual fund of P15,000 for operation and maintenance, and to replace it at the same cost at the end of every ten-year period. Money is worth 7.5% compounded annually.
Use the sinking fund formula shown to the right to determine the monthly payment needed to accumulate $400,000 with 7% interest are compounded monthly for 29 years. The monthly invested payment is $
Find the amount of each payment to be made into a sinking fund which earns 6% compounded quarterly and produces $36,000 at the end of 4.5 years. Payments are made at the end of each period. The payment size is $ (Round to the nearest cent.)
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 = $1,200,000, r = 4.9%, compounded quarterly for 45 years $
What is the accumulated value of periodic deposits of $3,000 made into an investment fund at the beginning of every six months, for 5 years, if the interest rate is 4.75% compounded semi-annually? Round to the nearest cent SUBMIT QUESTION
Use the sinking fund formula shown to the right to determine the monthly payment needed to accumulate $560,000 with 9% interest are compounded monthly for 31 years. p=Arn1+rnnt−1 The monthly invested payment is $
in order to have a fund of 1,000,000 at the end of 12 years, equal deposits every six months must be made. Find the semi annual payment of interest is at 6% compounded annually?
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. $49,000; money earns 4% compounded semiannually for 13.5 years

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aside over the next eight years at the end of each period to meet these requirements of maintenance cost if all the funds would earn interest at the rate of 6% compounded semi-annually?