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:
Hi
Explanation:
What organizational pattern would probably be most effective for arranging the main points of a speech with the specific purpose "To inform my audience about three major ways to block junk mail from their e-mail system"? chronological order.
Answer:
You didn’t provide a list so I came up with possible answers.
Choreographer
Writer
Actor/Actress
Director
Answer: $23,000+ $8000+ $1000 - $4000= 28,000
<span>The principal amount is $12,500. From the above statement the interest for two months is $220. And the annual interest is 1320. This is 10.56% of the principal amount. So the rate of interest in 10.56</span>
