Question: How much should be deposited semiannually into a sinking fund over 5 years to accumulate $145,000 if the money earns 5% compounded semiannually? $12,942.70$12.648.35$8704.35$24.716.70

How much should be deposited semiannually into a sinking fund over 5 years to accumulate $145,000 if the money earns 5% compounded semiannually? $12,942.70$12.648.35$8704.35$24.716.70

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!

One thousand employees at the Russell Microprocessor Company were polled about worker satisfaction. One employee is selected at random. a. Find the probability that an unskilled worker is satisfied...

How much should be deposited semiannually into a sinking fund over 5 years to accumulate 216,000 if the money earns 8% compounded semiannually? Round to the nearest cen

How much should be deposited semiannually into a sinking fund over 5 years to accumulate $155,000 if the money earns 8% compounded semiannually? Round to the nearest cent A 12,909.95 B 26,421.30 C...

show your solution 4. How much money should be invested in an account that earns 9.5%% interest, compounded monthly, in order to have P30,000 in 5 years? 5. Accumulate P180,000 for 5 years at 13%...

\ Attempt the following questions . 3. Suppose ScanSoft discovers on January 20, 2031, that it can earn 2.5% interest compounded semi-annually on its sinking fund account. a. What is the balance in...

Please show solutions 40. What annual deposit into a sinking fund at 5% compounded annually will be needed to raise half a million pesos at the end of 10 years to settle a loan? What is in the fund...

16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find...

Bankrate.com reported on a shocking statistic: only 54% of workers participate in their company's retirement plan. This means that 46% do not. With such an uncertain future for Social Security, this...

I need help on questions 12-15 in section 5. Could you also explain how you solved them 1 Sample Questions from Previous FIN 3310 Departmental Final Exams (Revised 2015) Printed below is a sampling...

TASK 1 a) If you deposit $10 000 today in a bank statement paying 10.38%, how much will you have in one (1) year. b) If you need 12 000 in one (1) year, how much do you need to deposit today (6...

Financial Management Application of Time Value of Money *Instruction: Answer all questions.* You are a financial analyst at a prominent financial institution. Your clients have different investment...

Identify the steps in designing a product layout.

How large is the drainage basin of the Mississippi River?

Which of the following characteristics most likely has the greatest impact in reducing default risk for futures contracts? Liquidity. Detivey arrangements. Markto - market. Credit checks

Please solve it on excel and show excel formulla need in 50 min 15 0 3 1 7 years ago a fixed rate mortgage for $ 100,000 was issued which would fully amortize monthly in 20 years. The contract rate...