Question: please help im stuck. show all work. will give thumbs up if answer is correct. A sinking fund is established to discharge a debt of

please help im stuck. show all work. will give thumbs up if answer is correct.

A sinking fund is established to discharge a debt of $90,000 in 25 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 5%, compounded semiannually, what is the amount of each deposit? (Round your answer to the nearest cent.) x Need Help? Bubmit Answer Road it

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

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 Mathematics Questions!

nd Privacy and Data Protection for Delivery 1. As part of project execution if you have to process client data for a purpose relevant for delivering the service but not originally stated by client,...

I will give thumbs up for correct answers ASAP! Thank you!! Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price, and holds these...

The prices of a pound of butter for several different years are shown below. Calculate the price of a pound of butter in 2010 dollars. Enter results in the table below. Round answers to the nearest...

Monarch Distributing Ltd. plans to accumulate funds for the purchase of a larger warehouse seven years from now. If Monarch contributes $10,000 at the beginning of each month to an investment account...

Show all work. Label and clearly explain your answer. This is very important. 1) See Attached picture a) Draw a diagram showing the cash flows for each of the bonds. b) Calculate the price of the...

Solve it correctly please. I will rate accordingly with multiple votes. Typed answer only and fast answer. Don't stuck. Show all work and explanation. True or False. If your answer is False, correct...

Solve it correctly please. I will rate accordingly with multiple votes. Typed answer only and fast answer. Don't stuck. Show all work and explanation.

Solve it correctly please. I will rate accordingly with multiple votes. Typed answer only and fast answer. Don't stuck. Show all work and explanation. Determine the sample regression function. y 8.5...

Solve it correctly please. I will rate accordingly with multiple votes. Typed answer only and fast answer. Don't stuck. Show all work and explanation. The time T required to repair a machine is an...

Solve it correctly and completely please. I will rate accordingly with multiple votes. Typed answer only and fast answer. Don't stuck. Show all work and explanation.

Describe a well-controlled system in terms of access controls for a major insurance company that equips each salesperson (life, property, and investments) with a laptop. Each salesperson must...

Pine et al. (1983) followed patients with intraabdominal sepsis (blood poisoning) severe enough to warrant surgery to determine the incidence of organ failure or death (form sepsis). Those outcomes...

The invention of the computer is the major factor behind the decline of the traditional banking industry." Is this statement true, false, or uncertain? Explain your answer. Part 2 A . The statement...

A study conducted by the nationally known Taurus Health Club revealed that 30% of its new members are 15 pounds overweight. A membership drive in a metropolitan area resulted in 500 new members. a....

John has an investment opportunity that promises to pay him $16,000 in four years. He could earn a 6% annual return investing his money elsewhere. What is the maximum amount he would be willing to...

Your portfolio had the values in the following table for the four years listed. There were no withdrawals or contributions of new funds to the portfolio. Calculate your average return over the...

Refer to the situation described in BE 6-2. Assume that the trip will cost $26,600. What interest rate, compounded annually, must Bill earn to accumulate enough to pay for the trip? In BE 6-2, Bill...

Assume you purchased a bond for $9,500. The bond pays $300 interest every 6 months. You sell the bond after 18 months for $10,000. Calculate the following: a. Income b. Capital gain or loss c. Total...

solve Question 1 2 pts A 200 g mass is hung on a vertical spring. The spring ex-tends 9.5 cm farther down than it did without the mass and is not oscillating. Use 9.81 for the value of g. What is the...

Please help, I'm stuck! Safari File Edit View History Bookmarks Window Help OMEN ) 48% Wed 2:47 PM Q DE ... G A v2.cengagenow.com + Module 4 Assignment eBook Show Me How Calculator Print Item...

Please Help I'm Stuck! Please show work so I know for next time. Use the simplex method to solve. Minimize w = 2y1 + 12 + 4y3 subject to: y1 + y2 + y3 2 11 3y1 + y2 2 42 with y, 20, y2 30, y, 20 The...

please help! I'm stuck on these blank parts. please print clearly. Rouse Industries manufactures a popular interactive stuffed animal for children that our four computer chips inside each loy The...

Highland Shortbread, Ltd., of Aberdeen, Scotland, produces a single product and uses a standard cost system to help in the control of costs. Overhead is applied to production on a basis of...

Please help i'm stuck on the 4th question Vice President for Sales and Marketing at Waterways Corporation is planning for production needs to meet sales demand in the coming year. He is also trying...

Utilizing the financial information below for The Cookie Company, complete a budget performance report combining activity and revenue and spending variances like that in Exhibit 9-8 on page 462 of...