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Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) Required amount Frequency of
Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.)
Required amount | Frequency of payment | Length of time | Interest rate | Payment amount end of each period | |
$26,000 | Quarterly | 5 Years | 8% | $ |
VB... Period 2% 3% 4% 5% 6% 8% 1 1 1.0000 1.0000 1.0000 10000 1.0000 0.4926 1.0000 1.00 2. 0.4951 0.4902 0.4878 0.4854 0.4808 0.47 3 0.3268 0.3235 0.3203 0.3172 0.3141 0.3080 0.30 4 0.2426 0.2390 0.2355 0.2320 0.2286 0.2219 0.215 5 0.1922 0.1884 0.1846 0.1810 0.1774 0.1705 0.1638 6 0.105 0.1546 0.1508 0.1470 0.1434 0.1296 0.1363 0.1121 7 0.1345 1305 0.1266 0.1228 0.1191 0.1054 0.0874 8 0.1165 0.1125 0.1085 0.1047 0.1010 0.0940 9 0.1025 0.0984 0.0945 0.0907 10 0.0913 0.0872 0.0833 0.0795 0.0704 11 0.0781 0.0741 0.0822 0.0746 12 0.0705 0.0666 0.0628 13 0.0640 0.0601 0.0565 14 0.0585 0.0547 0.0510 0.0681 0.0626 0.0578 0.0537 15 0.0538 0.0496 0.0499 0.0458 16 0.0870 0.0801 0.0736 0.0759 0.0690 0.0627 0.0668 0.0601 0.0540 0.0593 0.0527 0.0468 0.0530 0.0465 0.0408 0.0476 0.0413 0.0357 0.0430 0.0368 0.0315 0.0390 0.0330 0.0278 0.0354 0.0296 0.0247 0.0324 0.0267 0.0219 0.0296 0.0241 0.0195 0.0272 0.0219 20175 0.0197 0.0150 0.013 0.0146 0.0105 0.0075 0.010 0.0075 0.0050 0.0084 00053 00033 0.0065 0 0039 0.0023 17 18 0.0500 0.0467 0.0438 19 0.0463 0.0423 0.0387 0.0355 0.0327 0.0302 0.0225 0.0171 0.0133 0.0104 0.0083 20 0.0460 0.0427 0.0398 0.0372 0.0290 0.0233 0.0190 0.0158 0.0133 0.0422 0.0390 0.0361 0.0336 0.0256 0.0200 0.0159 0.0129 0.0105 0.0412 0.0329 0.0270 0.0226 0.0192 0.0166 24 28 32 36 40
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