Create a complete sinking fund schedule and calculate the total payments and interest earned needed for a fund of $9,000 one year from now. The fund will receive deposits made at the end of every three months and earns 5% compounded quarterly. Payment Number 1 2 3 4 Total Payment Amout at End ($) (PMT) Number Number Number Number Total PMT = Interest Earned or Accrued ($) (INT) Number Number Number Number Total INT - Principal Balance Accumulated at End of Payment Interval ($) (BAL) Number Number Number Number
Create a complete sinking fund schedule and calculate the total payments and interest earned needed for a fund of $9,000 one year from now. The fund will receive deposits made at the end of every three months and earns 5% compounded quarterly. Payment Number 1 2 3 4 Total Payment Amout at End ($) (PMT) Number Number Number Number Total PMT = Interest Earned or Accrued ($) (INT) Number Number Number Number Total INT - Principal Balance Accumulated at End of Payment Interval ($) (BAL) Number Number Number Number
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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Transcribed Image Text:Create a complete sinking fund schedule and calculate the total payments and interest earned needed
for a fund of $9,000 one year from now. The fund will receive deposits made at the end of every three
months and earns 5% compounded quarterly.
Payment
Number
1
2
3
4
Total
Payment Amout at
End
($) (PMT)
Number
Number
Number
Number
Total PMT =
Number
Interest Earned or
Accrued
($) (INT)
Number
Number
Number
Number
Total INT
Number
Principal Balance Accumulated at
End of Payment Interval
($) (BAL)
Number
Number
Number
Number
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