Question: A corporation creates a sinking fund in order to have $940,000 to replace some machinery in 10 years. How much should be placed in this

A corporation creates a sinking fund in order to have $940,000

A corporation creates a sinking fund in order to have $940,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each week if the annual interest rate is 5.7% compounded weekly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? Determine the value of the fund after 2, 4, and 6 years. 2 years 4 years $ 6 years $

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