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6. Consider the following (incomplete) sinking fund schedule (table). Note that there is no payment at t = 2. You MUST show your work to
6. Consider the following (incomplete) sinking fund schedule (table). Note that there is no payment at t = 2. You MUST show your work to answer each of the two parts of this problem. Time Interest Sinking Interest S.F. Bal. Net in on Fund on After Balance S.F. $0 Years Loan Deposit $0 Deposit on Loan $0 $100 $0 $2,000 1 $700 3 $795 $35.44 4 $0
6. Consider the following incomplete) sinking fund schedule (table). Note that there is no payment at t = 2. You MUST show your work to answer each of the two parts of this problem. Time Interest Sinking Interest S.F. Bal. Net in Fund on After Balance Years Loan Deposit S.F. Deposit on Loan 0 $0 $0 $0 SO $2,000 1 $100 3 $795 $35.44 4 $0 on $700 (a) [8 points) Find the net balance on loan at t = 3. (b) (7 points) Find the sinking fund deposit at t = 4 (a) Find the net balance on loan at t = 3.
(b) Find the sinking fund deposit at t = 4. 
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Behavioural Public Finance Individuals, Society, And The State
Authors: M Mustafa Erdogdu
1st Edition
0367631202, 9780367631208
