Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a firm needs to replace most of its machinery in f

A Firm needs to replace most of its machinery in five years at a cost...

80.2K

Verified Solution

Question

Accounting

A Firm needs to replace most of its machinery in five years at a cost of $500,000. The company wishes to create a sinking fund to have this money available in five years. How much should the quarterly deposits be if the fund earns 8%? Use MS-Excel to illustrate the accumulation of funds over the five year period. Please show all the work and identify the formula used

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What and how is sexual dimorphism influenced? Radish vs. human. (Evolutionary Biology please give a broad...

Biology
Q

George and Paula are running around a circular track. George starts at the westernmost point of...

Basic Math
Q

Supply the missing dollar amounts for the 2017statement of earnings of Kwan Company for each of...

Accounting
Q

Two identical solid uniform spheres each of radius R are kept touching each other Find...

Physics
Q

Determine which score corresponds to the higher relative position 13 Which is better a score...

Statistics
Q

its sides A D b A O c As a single vector AF DB is...

Calculus
Q

2 For the following functions find the critical points determine whether each critical point is...

Calculus
Q

Problem 6 Find the eigenvalues of the following matrix 5 A 0 1 2 5...

Algebra
Q

Information on four investment proposals is given below: Required: Compute the profitability index for...

Accounting
Q

please help! Required information Problem 9-4A Record...

Accounting
Q

Required information [The following information applies to the questions displayed below.] The following transactions occurred...

Accounting
Q

6 5 points A pension fund manager is considering three mutual funds. The first is...

Finance