Question: 1. Find the periodic payment which will amount to a sum of $12000 if an interest rate 5 % is compounded annually at the end

1. Find the periodic payment which will amount to a sum of $12000 if an interest rate 5 % is compounded annually at the end of 17 consecutive years.

The periodic payment is $?

b. Find the size of each of 4 payments made at the end of each year into a 8% rate sinking fund which produces $87000 at the end of 4 years.

The payment size is $?

c. 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.

$95,000; money earns 6% compounded semiannually for 1 1/2 years

The payment size is $?

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