Question: 7 : 3 2 5 G CamScanner 0 3 - 1 3 - 2 0 2 . . . Done This problem consists of four

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This problem consists of four independent parts, each related to the business activities of Eleanor Corporation. Compute the answer (to the nearest dollar) for each part by using the tables in the Appendix at the end of this chapter.
(1) Eleanor plans to accumulate $500,000 on December 31. Year 10, to retire preferred stock. Eleanor deposited $125,000 in a fund on January 1, Year 1, that will earn interest at 10% compounded quarterly, and wants to know what additional amount it has to deposit in the fund at the end of each quarter for 10 years (starting on March 31, Year 1) to have $500,000 available at the ead of Year 10. The periodic deposits also will earn interest at 10% compounded quarterly.
(2) Eleanor plans to make five equal annual deposits in a fund beginning June 1, Year 1, in order to be able to withdraw $50,000 at six annual intervals beginning June 1. Year 6. The amount on deposit will earn interest at 12% annually until the fund is exhausted. Compute the equal deposits that should be made to the fund.
(3) On June 30, Year 1, Eleanor acquired a machine for $80,000. The down payment was $10,000, and the balance is to be paid in 48 equal monthly payments, including interest at 18% compounded monthly. What is the amount of the monthly payment if the first payment is due one month from the date of acquisition?
On April 1, Year 2, Eleanor made a deposit of $100,000 in a fund and left the fund undisturbed for four years to earn compound interest at a rate that did not change during the four-year period. At the end of four years, the fund had a balance of $132,088.60. If interest was compounded quarterly, what was the annual rate of interest earned on the deposit?
7 : 3 2 5 G CamScanner 0 3 - 1 3 - 2 0 2 . . .

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