A sinking fund of $10 000 is to be created by equal annual payments at the beginning
Question:
(a) Compute the annual deposit into the fund.
(b) Construct a sinking fund schedule showing totals.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a FV n due 10 00000 i 75 n 7 10 00000 ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
Term Bond Liabilities. Following are transaction data for a term bonds issue for the City of Nevin. Prepare all necessary entries for these transactions in the citys hinds, and governmental...
-
Jackson, Inc.s fiscal year ends December 31. Selected transactions for the period 20-1 through 20-8 involving bonds payable issued by Jackson are as follows: 20-1 Oct. 30 Issued $600,000 of 10-year,...
-
On July 1, 2013, the first day of its 2014 fiscal year, the City of Nevin issued at par $2,000,000 of 6 percent term bonds to construct a new city office building. The bonds mature in five years on...
-
Slip Systems had no short-term investments prior to 2015. It had the following transactions involving short-term investments in available-for-sale securities during 2015. Feb. 6 Purchased 3,400...
-
According to a 2008 survey by the Pew Research Center, people in China are highly satisfied with their roaring economy and the direction of their nation (USA TODAY, July 22, 2008). Eighty-six percent...
-
Excluding any costs, can a company hedge against all of its risks, taking the risk of opportunity into account? And the trader?
-
Open a general journal form like the one in Exhibit 4, and label it Page 10. After opening the form, record the following transactions in the journal: Dec. 14 Purchased equipment for $12,000, paying...
-
McGee Carpet and Trim installs carpet in commercial offices. Andrea McGee has been very concerned with the amount of time it took to complete several recent jobs. Some of her workers are very...
-
Use the graph to determine the following. Ay a. the function's domain O b. the function's range c. the x-intercepts, if any X d. the y-intercept, if any e. the function value f( - 2)
-
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $50,000, technology costs of $75,000, and research...
-
Northern Flying Service is preparing to buy an aircraft estimated to cost $60 000 by making equal payments at the end of every three months into a sinking fund for five years. Interest earned by the...
-
Joe Ngosa bought a retirement fund for $150 000. Beginning 25 years from the date of purchase, he will receive payments of $35 000 at the beginning of every 6 months. Interest earned by the fund is...
-
Knowing that you have some accounting experience, a friend has sought your advice regarding a business that he intends purchasing. The balance sheet for the business shows total assets of $80 000 and...
-
Here is a proposed income statement of a children's clothing store: Kids 2 Klad Statement of Profit and Loss, December 31, 20X1 Revenues: Sale 1,300,000 Increase in market of land and building 50,000...
-
Suppose a pivate equity fund has the following capital distributions and capital drawdowns. The 2021 flows occur at time zero. Aggregated 2021 Aggregate distributions 0 Aggregate drawdowns 2022 0...
-
Refer to Roger Mfg. what is the total service costs allocated to the Assembly Department using the direct method?* Refer to Roger Mfg. If the company uses the step-down method of allocating service...
-
What are the mind boggling physiological components fundamental the body's pressure reaction, and how might a comprehension of these cycles illuminate progressed procedures for stress the executives?
-
Consider the following static game of complete information. Two restaurants, A and B, are deciding whether to open on Saturday. If only one of them opens, the one that opens earns 10 - c and the one...
-
Fill in the Blank Working Capital = Total Current Assets - ___________________.
-
Write the expression in radical notation. Then evaluate the expression when the result is an integer. 23 -1/2
-
An average student enrolled in a steno typing class progressed at a rate of N'(t)=12e -0.06t words per minute per week t weeks after enrolling in a 15-week course. If, at the beginning of the course,...
-
Problems 13-18 refer to the following slope fields: a. Which slope field is associated with the differential equation dy/dx = -x? Briefly justify your answer.
-
In Problems 1-12, find the general or particular solution, as indicated, for each differential equation. a. b. c. d. e.
-
Alex was hired as the Chief Operating Officer (COO) of Zeta Corporation, a privately-owned company in the technology sector, effective January 1, 2022. Throughout the fiscal year 2023, Zeta...
-
Required information [ The following information applies to the questions displayed below. ] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started...
-
Following are the transactions of JonesSpa Corporation, for the month of January. a . Borrowed $ 3 0 , 0 0 0 from a local bank; the loan is due in 9 months. b . Lent $ 1 0 , 0 0 0 to an affiliate;...
Study smarter with the SolutionInn App