Your company wants to set aside a fixed amount every year to a sinking fundto replace a piece of industrial equipment costing $375,000 at the end of eight years from now. The sinking fund is expected to earn 7% interest. How much must your company deposit each year to meet this goal?

Q: Leon and Heidi decided to invest $32500 annually for only the first nine years of their marriage.…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: What is the amount of interest earned on $2,000 for five years at 10% simple interest per year?

A: here we calculate the interest earned by simple interest so the calculation as follow-

Q: 10,000 per year – at

A:

Q: 10. What is the annual interest rate on a 1000 dollars loan in which all interest is paid at the end…

A:

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A: Given  Geometric series cash flow begins at time 12 and with a cash flow of $10,000 and there are 11…

Q: How many years would it take $1,000 to grow to $5,000 assuming an annual interest rate of 15%?

A: Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to…

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A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Please show work

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Q: Alp Bilgin deposits $33.000 in a saving account that pays 9% interest compounded monthly. Four years…

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Q: Five P3,300 payments made over a period of five years invested at 5% interest. what is the present…

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Q: Karen loaned P10,000 from a firm with a simple interest of 20%. The interest was deducted right away…

A: Karen borrowed an amount of P10,000 at simple interest rate 20% and interest was deducted before…

Q: 2. 3. purchase! You borrow $80,000 at 5.00% per year and will pay off the loan in equal payments…

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Q: Assume that $150 invested a year ago will return $170 a year from now. What is the annual interest…

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Q: borrowed $25,000 with an add-on rate, 6% for three years, and I have to make veekly payments. Jsing…

A: 8832 would be for 1 year If for one week $184 184*48=8832 For 3 years 8832*3=26496 $26496 is…

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A: An annual percentage rate is expressed as an interest rate. It calculates what percentage of the…

Q: why do we use the same value in step three for the remaining 15 years , instead of finding the new…

A: In this case, we have to discuss the net present value. Net present value is difference between cash…

Q: You need P 4,000 per year for four years to go to college. Your father invested P 5,000 in 7%…

A: Investment is the process in which money is spent in the present to receive a greater sum of money…

Q: 8. A young man has decided to go into a business at age 40. He wishes to accumulate P200,000 at that…

A: Given: The future value amount is = P200,000 The deposit increases by = 10% each year The interest…