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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 $ 25,800 Quarterly 7 years 8 % TABLE 13-3 Period 2% 3% 4% 5% 6% 8% 10% Sinking fund table based on $1 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 0.4902 0.4951 0.3268 0.4926 0.3235 0.4854 0.3141 3 0.4878 0.3172 0.2320 0.3203 4 0.2426 0.2390 0.2355 0.2286 0.4808 0.3080 0.2219 0.1705 0.1363 0.1121 5 0.1846 0.1922 0.1585 0.1884 0.1546 0.1305 0.1774 0.1434 6 0.1508 7 0.1345 0.1266 0.1191 8 0.1165 0.1085 0.0940 0.1125 0.0984 0.1810 0.1470 0.1228 0.1047 0.0907 0.0795 0.0704 0.0628 9 0.1025 0.0945 0.0801 1.0000 0.4762 0.3021 0.2155 0.1638 0.1296 0.1054 0.0874 0.0736 0.0627 0.0540 0.0468 0.0408 0.0357 0.0315 0.0278 0.0247 10 0.0913 0.0833 11 0.0822 0.0872 0.0781 0.0705 0.0741 12 0.0746 0.0666 13 0.0681 0.0601 14 0.0547 0.0690 0.0601 0.0527 0.0465 0.0413 0.0368 0.0330 0.0296 15 0.0640 0.0585 0.0538 0.0496 0.0460 0.0626 0.0578 0.0537 0.0565 0.0510 0.0463 0.0423 0.0387 0.0499 0.1010 0.0870 0.0759 0.0668 0.0593 0.0530 0.0476 0.0430 0.0390 0.0354 0.0324 0.0296 0.0272 0.0197 0.0146 0.0110 0.0084 16 0.0458 17 0.0500 0.0422 18 0.0467 0.0390 0.0355 0.0267 0.0219 0.0427 0.0398 19 0.0438 0.0361 0.0327 0.0241 0.0195 20 0.0336 0.0412 0.0329 24 28 0.0372 0.0290 0.0233 0.0190 0.0158 0.0270 0.0256 0.0200 0.0159 0.0302 0.0225 0.0171 0.0133 0.0104 0.0175 0.0113 0.0075 0.0050 0.0219 0.0150 0.0105 0.0075 0.0053 32 0.0226 36 0.0192 0.0129 0.0033 40 0.0166 0.0133 0.0105 0.0083 0.0065 0.0039 0.0023
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