Computer equipment estimated to cost $10,000 will be needed to replace old equipment in 5 years. What amount must be put into a sinking fund every 6 months if the semiannual interest rate is 3.5 percent. Add your answer Integer, decimal, or E notation allowed
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- An endowment fund is set up today. It provides payments of $1500 a year for 6- years (first payment one year from now) followed by $2000 a year thereafter forever. If the interest rate is j1 = 6%, how much is needed to be deposited (invested) today? (Answer to nearest dollarCalculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.) $1,000 at 7% simple interest; deposit $650 years, days Need Help? Talk to a Tutor Read ItYour HVAC service provider says your home air/heating unit should be replaced in three years; the expected cost is $3800. What monthly deposit into a sinking fund earning 4.3% compounded monthly would provide the needed amount at that time? (Show how to solve using TMZ solver in TI-84 Plus Calculator)
- Second Hand Software needs to accumulate $12,000 in 3 years to meet future needs. What sinking fund payment would they need to make at the end of each year, at 6% interest compounded annually?3) equal deposits. The first deposit is made right now, the second, one year from now, and the third, two years from now. The fund pays 5% per year compounded annually. How much should you deposit each time? You would like to accumulate $25,000 in 3 years for a remodeling project. You plan to make 3Hal wants to establish a savings fund from which a community organization could draw $890 a year for 20 years. If the account earns 2.5 percent annual interest, what amount does he have to deposit now to achieve this goal? Use Exhibit 1B-4. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Amount to be deposited $
- Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount Interest Compounding Investment time rate period 4% semiannually 4 years Click here to view page 1 of the table. Click here to view page 2 of the table. needed $2,000 The amount that should be set aside today is $ GLEED (Round to the nearest cent as needed.)Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time t in years are given below. Interest is compounded monthly. A= $9,000; r=7%; t= 1 R=$ (Round up to the nearest cent.) ue ue ie Enter your answer in the answer box and then click Check Answer. ue All parts showing Clear All Check Answer To see what to study next, go to your Study Plan. 99- aSay that you want to establish a scholarship fund that will make fixed payments forever. To fund the scholarship, you plan to make 12 annual contributions of $9.9k to an investment account with an expected return of 6.0% interest annually. Your first contribution occurs today. If the scholarship fund makes its first payment two years following the last contribution, then what is the fixed annual payment that the scholarship fund will award? (Round to the nearest dollar)
- How much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in the answer box. Type here to search 0 哥 同Find the future value if $7000 is invested for 6 years at 11% compounded annually. (Round your answer to the nearest cent.) $ Need Help? DETAILS MY NOTES What is the future value if $8200 is invested for 15 years at 10% compounded semiannually? (Round your answer to the nearest cent.) Need Help? Read It ASK WSamuel is saving for a future renovation project that is estimated to cost $38,000. How much will Samuel have to deposit at the beginning of every three months in order to accumulate $38,000 in 6 years? Interest is 5.4% compounded quarterly. Round the answer for PMT to two decimal places. Choose BGN or END? P/Y = I/Y = PV = $ % Submit Question C/Y = PMT= $ N = FV = $