Tamarisk Inc. loans money to John Kruk Corporation in the amount of $928,000. Tamarisk accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years). Tamarisk needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Tamarisk will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to decimal places, es. 458,581) Amount received on sale of note $ A e Textbook and Media X Your answer is incorrect. Tamarisk Inc. wishes to accumulate $1,508.000 by December 31, 2027, to retire bonds outstanding. The company deposits $232.000 on December 31, 2017, which will earn interest at 12% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1.508,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 12%, compounded quarterly.) (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg. 458,581.) Annuity of value of quarterly deposits $ Tamarisk Inc. loans money to John Kruk Corporation in the amount of $928,000. Tamarisk accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years). Tamarisk needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Tamarisk will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to decimal places, es. 458,581) Amount received on sale of note $ A e Textbook and Media X Your answer is incorrect. Tamarisk Inc. wishes to accumulate $1,508.000 by December 31, 2027, to retire bonds outstanding. The company deposits $232.000 on December 31, 2017, which will earn interest at 12% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1.508,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 12%, compounded quarterly.) (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg. 458,581.) Annuity of value of quarterly deposits $
