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andreyandreev [35.5K]
3 years ago
11

Find the amount of the 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. ​$95 comma 00095,000​; money earns 66​% compounded semiannually for 2 and one half2 1 2 years
Business
1 answer:
TEA [102]3 years ago
6 0

Answer:

PV= $81,947.83

Explanation:

Giving the following information:

Future value= $95,000

Interest rate= 0.03

Number of periods= 5

To calculate the initial investment required to reach the objective, we need to use the following formula:

PV= FV/(1+i)^n

PV= 95,000/(1.03^5)

PV= $81,947.83

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1 year ago
Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, stock issued for equ
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Answer:

No, it will not be classified on cash flow statement.

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$400,000, and his personal bank account has a balance of​ $1,200. Identify the principle or assumption that best matches the​ si
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