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payments be paid given Ienba (a) $11,000 in 10 years at 8% compounded semiannually when payments are semiannual. (b) $3,000 in 15 years at 6% compounded quarterly when payments are quarterly. (c) $35,000 in five years at 7.35% compounded monthly when payments are monthly. (a) The required semiannual payment should be $ (Round to the nearest cent.) (b) The required quarterly payment should be $ -(Round to the nearest cent.) (c) The reguired monthly pavment should be S (Round to the nearest cent )

payments be paid given Ienba (a) $11,000 in 10 years at 8% compounded semiannually when payments are semiannual. (b) $3,000 in 15 years at 6% compounded quarterly when payments are quarterly. (c) $35,000 in five years at 7.35% compounded monthly when payments are monthly. (a) The required semiannual payment should be $ (Round to the nearest cent.) (b) The required quarterly payment should be $ -(Round to the nearest cent.) (c) The reguired monthly pavment should be S (Round to the nearest cent )

Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter8: Network Models
Section8.4: Cpm And Pert
Problem 7P
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2. What equal series of payments must be paid into a sinking fund in order to accumulate each given amount? (a) $11,000 in 10 years at 8% compounded semiannually when payments are semiannual. (b) $3,000 in 15 years at 6% compounded quarterly when payments are quarterly. (c) $35,000 in five years at 7.35% compounded monthly when payments are monthly. (a) The required semiannual payment should be $ (Round to the nearest cent.) (b) The required quarterly payment should be $ (Round to the nearest cent.) (c) The required monthly payment should be $ (Round to the nearest cent.)
Transcribed Image Text:2. What equal series of payments must be paid into a sinking fund in order to accumulate each given amount? (a) $11,000 in 10 years at 8% compounded semiannually when payments are semiannual. (b) $3,000 in 15 years at 6% compounded quarterly when payments are quarterly. (c) $35,000 in five years at 7.35% compounded monthly when payments are monthly. (a) The required semiannual payment should be $ (Round to the nearest cent.) (b) The required quarterly payment should be $ (Round to the nearest cent.) (c) The required monthly payment should be $ (Round to the nearest cent.)
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