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-/1 POINTS TANFIN 12 5.3.002.CMI. MY NOTES | ASK YOUR TEACHER Find the periodic payment R required to amortize a loan of P dollars over

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-/1 POINTS TANFIN 12 5.3.002.CMI. MY NOTES | ASK YOUR TEACHER Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000, r = 2, t = 18, m = 4 Submit Answer -/1 POINTS TANFIN12 5.3.010.CMI. MY NOTES ASK YOUR TEACHER Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) S = 35,000, r = 4, t = 10, m = 2 $ 3. | -/1 POINTS TANFIN12 5.3.032.CMI. MY NOTES ASK YOUR TEACHER The management of Gibraltar Brokerage Services anticipates a capital expenditure of $23,000 in 4 years for the purchase of new computers and has decided to set up a sinking fund to finance this purchase. If the fund earns interest at the rate of 2%/year compounded quarterly, determine the size of each (equal) quarterly installment that should be deposited in the fund. (Round your answer to the nearest cent.)

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