Question: clear answer please Equal deposits are made into a sinking fund at the end of every quarter for 12 years. Interest is 4.6% compounded monthly

clear answer please  clear answer please Equal deposits are made into a sinking fund
at the end of every quarter for 12 years. Interest is 4.6%

Equal deposits are made into a sinking fund at the end of every quarter for 12 years. Interest is 4.6% compounded monthly and the maturity value of the fund is $99.000 Fill in the blanks below to calculate your answer. How much are the quarterly deposits? END/BEG P/Y C/Y N I/Y PMT FV What is the total amount to be deposited into the fund? How much of the fund will be interest? What is the balance in the sinking fund after 10 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!