How much must they deposit at the end of every six months into the sinking fund in order to save the $600,000? Assume that the sinking fund earns j2=4%

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund Amount Needed A…

A: Periodic payment refers to an amount that is paid at each period including principal and interest…

Q: Find the amount of each payment to be made into a sinking fund so that enough will be present to…

A: The objective of the question is to find out the amount of each payment to be made into a sinking…

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A: In the given question we need to compute the periodic payment amount if we need $50000 at the end of…

Q: How long in years will a certain sum of money to triples its amount when deposited at a rate of 14%…

A: Compound interest is defined as an addition of an interest to the principal sum of their deposit or…

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round…

A: We need to calculate periodic/weekly payment by using sinking fund formula PMT =FVn1+rnn*t-1rn Where…

Q: Assume you want to have $4050 saved in a sinking fund in 1 year. The account pays 3.5% compounded…

A: The amount of money invested over a period of time with the assumption of investment growth at a…

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: FV = $1,000,000 r = 5.8% Number of compounding per year (m) = 2 Period (t) = 30 Years

Q: What annual deposit into a sinking fund at 5% compounded annually will be needed to raise half a…

A: P500000 is needed at the end of 10 years. The Fair value at the end of 10 years = Annual Deposit x…

Q: Find the size of each of 9 payments made at the end of each year into a 8% rate sinking fund which…

A: An annuity is used to fulfill a financial goal by making regular payments at a specific interest…

Q: Solve and show complete solutions. Please don't use Excel. What monthly payment into a sinking…

A: in this we have to calculate effective interest rate.

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 6​%…

A: Sinking fund formula can be used to calculate the semiannual payment to accumulate the the amount.…

Q: Ten thousand pesos is deposited annually for 10 years with an annual interest rate of 3.2%, how much…

A: Annual deposit (P) = P10,000 Interest rate (r) = 3.2% Number of annual deposits (n) = 10

Q: What monthly payment into a sinking fund at 8% compounded semi –annually will be needed to raise…

A: Sinking Fund is a fund that is kept aside or borrowed to pay off a debt or a loan. It helps the…

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A: When the lender lends a loan to the borrower, he charges a rate of interest on the borrowed amount.…

Q: Use the accompanying sinking fund formula to determine the payment needed to reach the accumulated…

A: Accompanying sinking fund formula:-A= [P*(1+R/n)^(t*n) -1] /R/nWhere A= Accumulated amount.P= Each…

Q: und X earns i(12) = 6% interest, while Fund Y earns i(12) = 3% interest (and both start off with no…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: An endowment fund is set up today. It provides payments of $1500 a year for 6- years (first payment…

A: The question is based on the concept of present value for annuity and perpetuity payment .

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given Information: Required amount is $620,000 Interest rate is 8% Compounded monthly for 32 years

Q: Using the sinking fund formula or a financial calculator, complete the following: (Do answer to the…

A: A sinking fund refers to an amount that is kept aside for paying off the debt obligations at the…

Q: Find

A: RATE (7.2%/2) 0.036 PERIOD (45*2) 90 PRESENT VALUE 0 FUTURE VALUE $700,000

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: Future Value is $2,200,000 Interest rate r is 4% compounded quarterly Quarterly rate is 4%4=1% Time…

Q: 4) A person puts 200 dollar to a pension fund every month. This is invested in Eurobonds yielding %8…

A: Compound = Monthly = 12Payment = p = $200Yielding = r = 8 / 12 %Time = t = 20 * 12 = 240

Q: 5. A scholarship fund pays out 50,000 annually beginning n years from now. To make this go according…

A: It is a case of depositing funds for n years and afterward, issuing annual scholarships for…

Q: 15. Helen Barns wishes to purchase a new home and borrows $389,000 with a repayment plan of 25…

A: Step 1: The calculation of the annual payment  AB1Borrowings (PV) $3,89,000.00 2Years (N)253Interest…

Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

A: The concept of time value of money states that the current worth of money is more than its value in…

Q: An enterprise needs to make the following annuity payments into a private pension fund: £1100 paid…

A: The payment are made at the beginning of the each year. Therefore, there is an annuity due. The…

Q: You deposit 20,000 today into a fund paying (i)=8%. From this fund, you receive 10 payments of R,…

A: Computation of R:

Q: Find the amount of a perodic payment necessary fur the deposit of a sinking fund. Amount needed…

A: A sinking fund is created for repayment of debt.A fixed sum of money is set aside periodically…

Q: S 9 Enter an answer correct to 6 decimal places. Enter an answer correct to 6 decimal places. A fund…

A: As per the given information: Fund which pays out a Scholarship - £1,000 every year in…

Q: How long in years will a certain sum of money to triples its amount when deposited at a rate of 5%…

A: Interest rate = 5% Monthly interest rate (r) = 5%/12 = 0.416666666666667% Period = Y Years Number of…

Q: a) In order to create an endowment, which pays Rs 500,000 per year, forever, how much money must be…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 8%…

A: We need to use sinking fund formula to determine periodic payment . The formula is  PMT  =FVn1+rn…

Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.