néářést cent.) Frequency of payment Payment amount end of each Required Interest Length of time amount rate period 24,700 Quarterly 5 years 8 % %24
néářést cent.) Frequency of payment Payment amount end of each Required Interest Length of time amount rate period 24,700 Quarterly 5 years 8 % %24
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
Related questions
Question
Transcribed Image Text:TABLE
13-3
Period
2%
3%
4%
5%
6%
8%
10%
Sinking fund table based on $1
1
1.0000
1.0000
1.0000
1.0000
1.0000
1.0000
1.0000
0.4951
0.4926
0.4902
0.4878
0.4854
0.4808
0.4762
0.3268
0.3235
0.3203
0.3172
0.3141
0.3080
0.3021
0.2426
0.2390
0.2355
0.2320
0.2286
0.2219
0.2155
0.1922
0.1884
0.1846
0.1810
0.1774
0.1705
0.1638
0.1585
0.1546
0.1508
0.1470
0.1434
01363
0.1296
0.1345
0.1305
0.1266
0.1228
0.1191
01121
0.1054
81
0.1165
0.1125
01085
0.1047
0.1010
00940
0.0874
6.
0.1025
0.0984
0.0945
0.0907
0.0870
0.0801
00736
10
0.0913
0.0872
0.0833
0.0795
0.0759
0.0690
0.0627
11
0.0822
0.0781
0.0741
0.0704
0.0668
00601
00540
12
0.0746
0.0705
0.0666
0.0628
0.0593
0.0527
0.0468
13
0.0681
0.0640
0.0601
0.0565
0.0530
00465
00408
14
0.0626
0.0585
0.0547
0.0510
0.0476
0.0413
0.0357
15
0.0578
0.0538
0.0499
0.0463
0.0430
0.0368
00315
16
0.0537
0.0496
0.0458
0.0423
0.0390
00330
0.0278
17
0.0500
0.0460
0.0422
0.0387
0.0354
0.0296
00247
18
0.0467
0.0427
0.0390
0.0355
0,0324
0.0267
0.0219
19
0.0438
0.0398
0.0361
0.0327
0.0296
00241
00195
20
0.0412
0.0372
0.0336
0.0302
0.0272
00219
0.0175
24
0.0329
0.0290
0.0256
0.0225
0.0150
00113
28
0.0270
0.0233
0.0200
0.0171
0.0146
00105
0.0075
రోస డర
32
0.0226
0.0190
00159
0.0133
0.0110
0.0075
0.0050
36
0.0192
0.0158
00129
0.0104
0.0084
0.0053
0.0033
40
0.0166
0.0133
0.0105
0.0083
0.0065
,0039
0.0023
23 4
56.7
Transcribed Image Text:Using 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
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