ANSWER EACH OF THE FOLLOWING & SHOW YOUR COMPUTATION.

4) Claudine Corporation will deposit $5,000 into a money market sinking fund at the end of each year for the next five years. How much will accumulate by the end of the fifth and final payment if the sinking fund earns 9% interest?

5) Polo Publishers purchased a multi-color offset press with terms of $50,000 to be paid at the date of purchase, and a noninterest-bearing note requiring payment of $20,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at:

6) Marco needs $175,000 six years from today. How much should Marco deposit today into an in vestment account that provides a 12% annual return in order to accomplish his goals?

7) Shelley wants to cash in her winning lottery ticket. She can either receive ten $100,000 semiannual payments starting today, or she can receive a lump-sum payment now based on a 6% annual interest rate. What is the equivalent lump-sum payment?

8) Margaret will receive an insurance settlement of $3,000,000 in five years. Randall is willing to give her a lump sum today in return for the payment in five years. If current interest rate is 12% per year, how much will Margaret receive today?

9) On April 1, 2020, Meyers Company purchased a bulldozer. Payment, totaling $70,000, is not due until April 1, 2022. Assuming interest at a 12% annual rate, how much Meyers should debit Machinery on April 1, 2020? 10) How much must be deposited at the beginning of each year to accumulate to $10,000 in four years if interest is at 9%?