Question
A) Instead of creating a sinking fund at a bank, a company has its controller create a reserve fund in the company's accounts to which
A) Instead of creating a sinking fund at a bank, a company has its controller create a reserve fund in the company's accounts to which a contribution is made each quarter. By so doing, the company can realize a return of 12 percent compounded quarterly. What should be the amount transferred quarterly to the reserve fund to accumulate Tk 10, 000 in 5 years.
(c) A company has borrowed Tk 50,000 at 10 percent compounded quarterly. The debt is to be amortized by equal payments each quarter over 15 years. i) Find the quarterly payment it) How much interest will be paid?
(b) Instead of creating a sinking fund at a bank, a company has its controller create a reserve fund in the company's accounts to which a contribution is made each quarter. By so doing, the company can realize a return off-percent i compounded quarterly. What should be the amount transferred quarterly to the reserve fund to accumulate Tk 10.000 in 5 years. (c) A company has borrowed tk 50,000 al 10 percent compounded quarterly. The debt is to be amortized by equal payments each quarter over 15 years. i) lind the quarterly paynent ) I low much interest will be paidStep by Step Solution
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