Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. a corporation creates a sinking fund in order to h

A corporation creates a sinking fund in order to have 450 000 to replace some...

80.2K

Verified Solution

Question

Statistics

image

A corporation creates a sinking fund in order to have 450 000 to replace some machinery in 10 years How much should be placed in this account at the end of each quarter if the annual interest r is 7 8 compounded quarterly Round your answers to the nearest cent How much interest would they earn over the life of the account Determine the value of the fund after 2 4 and 6 years 2 years 4 years 6 years How much interest was earned during the fourth quarter of the 4th year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Propose a structure for an aromatic hydrocarbon, C9H12, that can form only one C9H11Br product on...

Accounting
1.2K views

Carlson Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017?, it budgeted to...

Geometry
1.2K views

For each diagram indicate a pair of congruent inscribed angles 1 2 4 D B...

Geometry
1.2K views

3 Find the perimeter of a square whose side is 10mm Perimeter mm

Basic Math
1.2K views

The function f t 600 0 998 represents the change in a quantity over t...

Basic Math
1.2K views

Assume that y varies jointly as x and w and inversely as z If y...

Basic Math
1.2K views

Solve the system of equations by graphing.- 3x + 3y = 152x2y = - 10Graph...

Calculus
1.2K views

Consider the following relation Enable Zoom Pan To X

Calculus
1.2K views

Which sentencebelow uses anincorrecthomophone?A. She felt prettygrown up, now thatshe was finally foryears old.B. Don't...

Accounting
1.2K views

On June 1,2013, Everly Bottle Company sold $2,000,000 in long-term bonds for $1,754,200. The bonds...

Accounting
1.2K views

The following labor standards have been established for a particular product: Standard labor- hours per...

Accounting
1.2K views

The Walton Toy Company manufactures a line of dolls and a doll dress sewing kit....