Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Find the amount of semiannual payments into a sinking und designed to accumulate $18,000 in 5 years of the money ears 6% compounded semiannually Click

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Find the amount of semiannual payments into a sinking und designed to accumulate $18,000 in 5 years of the money ears 6% compounded semiannually Click here to view page 1 of the sinking fund table Click here to view page 2 of the sinking fund table Each periodic payment is approximately $ (Round to the nearest cent as needed.) A person wants to know if she can accumulate $1.000.000 in her lifetime she feels she can eam 6% per year for 50 years. If she invests in stocks. Find (a) the amount of each of the annual payments needed and (b) the total interest eamed Click here to view page 1 of the sinking fund table Click here to view page 2 of the sinking fund fable (a) Each periodic payment is approximately $. (Round to the nearest cent as needed) (b) The total interest earned is approximately $1 (Round to the nearest cent as needed Period 1% 1% 3% 3% 8% 1 1.00000 100000 1.00000 100000 1.00000 100000 1.00000 100000 1.00000 100000 24975149628 49505 49383 49261 49020 48780 48544 4807747619 333002 32838 32675 32514 32353 32035 31721 31411 30803 30211 4 24628 2041424262 24082 23903 23319 23201 22859 22192 21547 5.19604 19409 619216 19025 .18833 18463 .18097 1774017046 16380 6 16255 16053 15853 15635 15460 -15076 14702 14336 13632 12961 7 13863 13656 13451 13250 13051 12661 12282 11914 1120710541 8 12069 _11858 11651 11447 11246 10853 10472 10104 09401 08744 9 10674 10461 10252 10046 09813 09149 09069 08700 08008 07364 10 09558 09343 09133 08926 08723 08320 07950 07587 106903 06275 08615 08429 08218 08011 07808 07415 07009 06670 06608 15396 -12 ATRAS 1766 10 th 5018 DIA 13 07241 07024 ,06812 06615 .06403 06014 14 ..06690 06472 06260 .06054 05853 05167 15 ..06212 0599405783 06577 05377 01994 16 05794 055772 05365 05160 04961 04582 17 05426 05208 04997 04793 04595 04220 18 ..05098 04881 04670 04467 04271 03899 1904895 04588 04378 04176 03981 03614 20 04542 0433 04116 03915 03722 05358 21 043030808703878 13679 03487 03128 22 04056 0409603870 13663 03065 13275 02920 23 0389 03673 03270 3081. 02731 24 03707 0349203287 03091 42905 02359 25 633414 03336 03122 02928 02743 02100 05616 05296 04632 09078 0510204758 04130 03575 04634 .04296 03683 03147 01227 0389503298 02782 03870 03544 02963 02466 03555 03236 02670 02193 03275 02962 02413 01953 03024 02718 12185 01746 12:00 02500 01983 01562 02597 02305.01803 01401 03414 02128 01642 01257 01968 0149801130 2209501833 01368 01017 45 1:58**==3=485 Period 15 1 2% 26 93387 0338703173 02970 02777 27 03245 03032 02829 02638 28 03112 02900 02699 02509 2902990 02778 02578 02389 30 028750266402465 02278 31 02768 02357 02360 02174 32 02667 02458 02261 02077 33 02573 02364 02169 01986 34 42484 02276 62082 01901 35 02400 12193 02.000 01821 36 02321 02113 01923 01745 37 01851 01674 3% 02594 02456 02329 02211 02102 02000 ..01905 01816 0172 01634 0159 01511 5% 02257 01956 02124 01829 2001 01712 01888 01608 01783 01508 01686 01413 01595 01328 01510 01249 01431 01176 BLESS 01107 0103 01234 D0984 10% 01690 01251 00916 01570 01145 00826 01459 01049 00745 01358.00962 00673 01265 0088300608 01179 00811 00550 01100 00745 00497 01027 00685 00450 00960 00630 00407 00897 00380 00369 00:39 00534 00334 00786 00192 10303 38 02176 02176 01972 01782 39 602109 01905 401717 40 02046 02046 01843 01656 41 01985 01783 01597 12 01928 01928 01726 01542 43 01873 601873 01672 01489 44 01820 01621 01439 45 0177 01572 01391 36 01723 01723 01525 01345 17 01677 01480 201202 48 01633 01437 01260 49 01395 01220 50 01551 01357 01182 01607 01446 01163 01514 201384 01106 01434 01326 001032 01427 01271 201002 01373 01219 00854 201322 01170 00 01273 01123 00886 0122701079 00808 01183 01036 0738 01141 07:52 LO110 2002580078 01062 1921 COSTS 01026 00587 0655 00928 00736 00454 00275 00876 1.00689 00419 00249 00828 200646 00386 00226 09782 100606 00356 00205 01739 00568 00329 10032900186 02699 00533 00303 000169 00562 00501 00280 00153 DOWD6 00470 00259 00139 01393 100441 04239 00126 00561 00415 0221 CONS BETE 00390 00014 Ooh 0504 0366 00189 00095 0 00174 10086 01591

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started