$ TABLE 13-3 Sinking fund table based on $1 Required amount Frequency of payment 24,100 Quarterly Length of time Period 5 years 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 24 28 32 36 40 Interest rate 2% 8% 1.0000 0.4951 0.3268 0.2426 0.1922 0.1585 0.1345 0.1165 0.1025 0.0913 0.0822 0.0746 0.0681 0.0626 0.0578 0.0537 0.0500 0.0467 0.0438 0.0412 0.0329 0.0270 0.0226 0.0192 0.0166 3% 1.0000 0.4926 0.3235 0.2390 0.1884 0.1546 0.1305 0.1125 0.0984 0.0872 0.0781 0.0705 0.0640 0.0585 0.0538 0.0496 0.0460 0.0427 0.0398 0.0372 0.0290 0.0233 0.0190 0.0158 0.0133 4% Payment amount end of each period 1.0000 0.4902 0.3203 0.2355 0.1846 0.1508 0.1266 Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) 0.1085 0.0945 0.0833 0.0741 0.0666 0.0601 0.0547 0.0499 0.0458 0.0422 0.0390 0.0361 0.0336 0.0256 0.0200 0.0159 0.0129 0.0105 5% 1.0000 1.0000 0.4878 0.4854 0.3172 0.3141 0.2320 0.2286 0.1810 0.1774 0.1470 0.1434 0.1228 0.1191 0.1047 0.1010 0.0907 0.0870 0.0795 0.0759 0.0704 0.0668 0.0628 0.0593 0.0565 0.0530 0.0510 0.0476 0.0463 0.0430 0.0423 0.0390 0.0387 0.0354 0.0355 0.0324 0.0327 0.0296 0.0302 0.0272 0.0225 0.0197 0.0171 0.0146 0.0110 0.0084 0.0065 0.0133 0.0104 0.0083 8% 1.0000 0.4808 0.3080 0.2219 0.1705 0.1638 0.1363 0.1296 0.1121 0.1054 0.0940 0.0874 0.0801 0.0736 0.0690 0.0627 0.0601 0.0540 0.0527 0.0468 0.0465 0.0408 0.0413 0.0357 0.0368 0.0315 0.0330 0.0278 0.0296 0.0247 0.0267 0.0241 0.0219 0.0150 0.0105 0.0075 0.0053 0.0039 10% 1.0000 0.4762 0.3021 0.2155 0.0219 0.0195 0.0175 0.0113 0.0075 0.0050 0.0033 0.0023
$ TABLE 13-3 Sinking fund table based on $1 Required amount Frequency of payment 24,100 Quarterly Length of time Period 5 years 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 24 28 32 36 40 Interest rate 2% 8% 1.0000 0.4951 0.3268 0.2426 0.1922 0.1585 0.1345 0.1165 0.1025 0.0913 0.0822 0.0746 0.0681 0.0626 0.0578 0.0537 0.0500 0.0467 0.0438 0.0412 0.0329 0.0270 0.0226 0.0192 0.0166 3% 1.0000 0.4926 0.3235 0.2390 0.1884 0.1546 0.1305 0.1125 0.0984 0.0872 0.0781 0.0705 0.0640 0.0585 0.0538 0.0496 0.0460 0.0427 0.0398 0.0372 0.0290 0.0233 0.0190 0.0158 0.0133 4% Payment amount end of each period 1.0000 0.4902 0.3203 0.2355 0.1846 0.1508 0.1266 Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) 0.1085 0.0945 0.0833 0.0741 0.0666 0.0601 0.0547 0.0499 0.0458 0.0422 0.0390 0.0361 0.0336 0.0256 0.0200 0.0159 0.0129 0.0105 5% 1.0000 1.0000 0.4878 0.4854 0.3172 0.3141 0.2320 0.2286 0.1810 0.1774 0.1470 0.1434 0.1228 0.1191 0.1047 0.1010 0.0907 0.0870 0.0795 0.0759 0.0704 0.0668 0.0628 0.0593 0.0565 0.0530 0.0510 0.0476 0.0463 0.0430 0.0423 0.0390 0.0387 0.0354 0.0355 0.0324 0.0327 0.0296 0.0302 0.0272 0.0225 0.0197 0.0171 0.0146 0.0110 0.0084 0.0065 0.0133 0.0104 0.0083 8% 1.0000 0.4808 0.3080 0.2219 0.1705 0.1638 0.1363 0.1296 0.1121 0.1054 0.0940 0.0874 0.0801 0.0736 0.0690 0.0627 0.0601 0.0540 0.0527 0.0468 0.0465 0.0408 0.0413 0.0357 0.0368 0.0315 0.0330 0.0278 0.0296 0.0247 0.0267 0.0241 0.0219 0.0150 0.0105 0.0075 0.0053 0.0039 10% 1.0000 0.4762 0.3021 0.2155 0.0219 0.0195 0.0175 0.0113 0.0075 0.0050 0.0033 0.0023
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Transcribed Image Text:$
TABLE 13-3
Sinking fund table based on $1
Required
amount
Frequency of
payment
24,100 Quarterly
Length of time
Period
5 years
1
2
3
4
5
6
7
8
9
10
11
12
13
H5672 28 288
14
15
16
17
18
19
20
24
32
36
40
2%
Interest
rate
8%
1.0000
0.4951
0.3268
0.2426
0.1922
0.1585
0.1345
0.1165
0.1025
0.0913
0.0822
0.0746
0.0681
0.0626
0.0578
0.0537
0.0500
0.0467
0.0438
0.0412
0.0329
0.0270
0.0226
0.0192
0.0166
3%
1.0000
0.4926
0.3235
0.2390
0.1884
0.1546
0.1305
0.1125
0.0984
0.0872
0.0781
0.0705
0.0640
0.0585
0.0538
0.0496
0.0460
0.0427
0.0398
0.0372
0.0290
0.0233
0.0190
0.0158
0.0133
4%
Payment amount
end of each
period
1.0000
0.4902
0.3203
0.2355
0.1846
0.1508
0.1266
0.1085
0.0945
0.0833
0.0741
0.0666
0.0601
0.0547
0.0499
0.0458
0.0422
0.0390
0.0361
0.0336
0.0256
0.0200
0.0159
0.0129
0.0105
5%
1.0000
0.4878
0.3172
0.2320
0.1810
0.1470
0.1228
0.1047
0.0907
0.0795
0.0704
0.0628
0.0565
0.0510
0.0463
0.0423
0.0387
0.0355
0.0327
0.0302
0.0225
0.0171
0.0133
0.0104
0.0083
6%
1.0000
0.4854
0.3141
0.2286
0.1774
0.1434
0.1191
0.1010
0.0870
0.0759
0.0668
0.0593
0.0530
0.0476
Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your
answer to the nearest cent.)
0.0430
0.0390
0.0354
0.0324
0.0296
0.0272
0.0197
0.0146
0.0110
0.0084
0.0065
8%
1.0000
0.4808
0.3080
0.2219
0.1705
0.1363
0.1121
0.0940
0.0801
0.0690
0.0601
0.0527
0.0465
0.0413
0.0368
0.0330
0.0296
0.0267
0.0241
0.0219
0.0150
0.0105
0.0075
0.0053
0.0039
10%
1.0000
0.4762
0.3021
0.2155
0.1638
0.1296
0.1054
0.0874
0.0736
0.0627
0.0540
0.0468
0.0408
0.0357
0.0315
0.0278
0.0247
0.0219
0.0195
0.0175
0.0113
0.0075
0.0050
0.0033
0.0023
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
