Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. find the amount of each payment to be made into a

Find the amount of each payment to be made into a sinking fund so that...

80.2K

Verified Solution

Question

Basic Math

image

Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $77,000; money earns 5% compounded semiannually for 11 year O $1118.16$2667.79$2832.62$2517.62

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

Advance Math
1.2K views

(9) (a) If f(t) = x1e −kt cos(ωt) + x2e −kt sin(ωt), then f'(t) has the...

Biology
1.2K views

What is the commercial importance of algae?

Physics
1.2K views

A point charge +q is at the origin. A spherical Gaussian surface centered at the origin...

Physics
1.2K views

Q3 16 Mar 2021 Shift 2 mathongo mathongo mathongo matho A deviation of 2 is...

Calculus
1.2K views

Suppose h x f g x Given the table of values below determine h 1...

Calculus
1.2K views

Tue or False 12 x Let x x 1 2x 4 a The graph of...

Accounting
1.2K views

Problem 6-10AB (Static) Gross profit method LO P4 Wayward Company wants...

Accounting
1.2K views

In a effective method discount bond amortization, we are adding the same amortization amount to...

Accounting
1.2K views

A. Identified securities that are missing a complexity level for a month. The data includes...

Accounting
1.2K views

Stephen Shareholder owns 100% of Iota Corp., a C corporation. Iota Corp. reports on a...

Accounting
1.2K views

Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31,...

Finance
1.2K views

In 1880 five aboriginal trackers were each promised the equivalent of 100 Australian dollars for...