Question: Equal deposits are made into a sinking fund at the and of cach for seven years . Interest is 5.5 % compounded anmally , and

Equal deposits are made into a sinking fund at the and of cach for seven years . Interest is 5.5 % compounded anmally , and the maturity valuc of the fund is $ 20000 . Find the sizs of the annual deposits and construct a sinking fund schedule ,

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!

Thanks to acquisition of a key patent, your company now has exclusive production rights for barkelgassers (BGs) in North America. Production facilities for 245,000 BGs per year will require a $25.9...

TARA borrowed $820,000 for 12 years at 7.1% payable semi-annually to finance a construction of a new branch. A sinking fund was created to repay the debt at the end of 12 years. Equal deposits are...

Q1. A loan of $10,000.00 with interest 7.75% compounded annually is to be amortized by equal payments at the end of each year for seven years. Find the size of the annual payments and construct an...

Equal deposits are made into a sinking fund at the end of each year for seven years. Interest is 5.5% compounded annually, and the maturity value of the fund is $20 000. Find the size of the annual...

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 and the maturity value of the fund is $99.000 Fill in the...

Equal deposits are made into a sinking fund at the end of each 3 months for 9 years. Interest is 8.5% compounded quarterly and the maturity value of the fund is $23,000. Find the size of the deposits...

4. Equal deposits are made into a sinking fund at the end of each year for five years. Interest is 5% compounded annually, and the maturity value of the fund is $10000. Find the size of the annual...

please if there is any wrong answer let me know 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...

. Equal deposits are made into a sinking fund at the end of each year for ?ve years. Interest is 8.3% compounded annually, and the maturity:r 1uralue of the fund is $1?,000. a.] Calculate the size...

Name: Score: Address: Mathematics 3 Module | MODULE TEST Solve the following problems. Round off the final answers to two decimal places. When you are done, read carefully and follow the instructions...

Geographical Analysis (Jan. 2010) presented a study of emergency medical service (EMS) ability to meet the demand for an ambulance. In one example, the researchers presented the following scenario....

What questions should you use to analyze a survey?

Anything copyrighted after 1 9 7 8 will remain copyrighted for how long? A . Life of the author plus 1 0 years B . Life of the author plus 3 0 years C . Life of the author plus 5 0 years D . Life of...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...