Answer:
Quarterly deposit= $3,182.78
Explanation:
Giving the following information:
A sinking fund earns 7% compounded quarterly and produces $50,000 at the end of 3.5 years.
We need to find the quarterly deposit made at the end of each period.
<u>First, we need to calculate the quarterly interest rate:</u>
Interest rate= 0.07/4= 0.0175
To calculate the deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
n= 3.5*4= 14
FV= 50,000
i= 0.0175
A= (50,000*0.0175)/ [(1.0175^14)-1]= $3,182.78
Answer:
I think it is the buddy approach method.
Explanation:
The consumer sector is the largest part of the macroeconomy
TRUE
Answer:
e, e ,i, i, i, e is the order from top to bottom
Answer: disaffirm
Explanation:
most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.
It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.
