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TEAFM$2$ F$\mathrm{.}3\mathrm{.}026.$

PREVIOUS ANSWERS

A corporation creates a sinking fund in order to have $$800,000$ to replace some machinery in $10$ years. How much should be placed in this account at the end of each quarter f the annual interest rate is $S\mathrm{.}18\%$ quarterly? $($Round your answers to the nearest cent.$)$

s $$

How much interest would they earn over the lise of the account?

s $$

Determine the value of the fund after $2,4,$ and $6$ years.

$2$ vears $ $$

$4$ years $ $$

$6$ years $ $$

How much interest was earned during the fourth quarter of the $4$th year?

$5$