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Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations.) Required amount $ 15,000 Interest rate Frequency of payment Annually Length
Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations.) Required amount $ 15,000 Interest rate Frequency of payment Annually Length of time Payment amount end of each period 8 years 8 % TABLE 13-3 Period 2% 3% 5% 6% 8% 10% Sinking fund table based on $1 1 1.0000 10000 10000 1.0000 10000 1.0000 1.0000 2 0.4951 0.4926 0.4902 0.4878 0.4854 0.4808 0.4762 3 0.3268 0.3235 0.3203 0.3172 0.3080 0.3021 0.3141 0.2286 4 0.2426 0.2390 0.2355 0.2320 0.2219 0.2155 5 0.1922 0.1884 0.1846 0.1810 0.1774 0.1705 0.1638 6 0.1585 0.1546 0.1470 0.1434 0.1296 0.1363 0.1508 0.1266 7 0.1305 0.1345 0.1228 0.1121 0.1191 0.1054 0.1165 0.1125 8 0.1047 0.1010 0.0874 0.0940 0.1085 0.0945 9 0.1025 0.0984 0.0870 0.0801 0.0736 0.0627 10 0.0913 0.0872 0,0759 0.0833 0.0741 0.0907 0.0795 0.0704 0.0628 0.0540 11 0.0822 0.0781 0.0668 0.0593 0.0468 12. 0.0746 0.0705 0.0666 0.0690 00601 0,0527 0.0465 0.0413 0.0368 13 0.0681 0.0640 0.0565 0.0530 0.0601 0,0408 0.0357 14 0.0626 0.0585 0.0476 0.0547 0.0510 0.0315 15 0.0578 0.0463 0.0538 0.0499 0.0458 0,0430 0.0390 0.0330 0.0278 0.0423 16 0.0537 0.0496 0.0247 0.0354 17 0.0500 0.0387 0.0460 0.0422 0,0296 0.0267 0.0219 0.0324 0.0390 0.0355 18 0.0467 0.0427 0.0195 0.0241 0.0327 0.0296 19 0.0438 0.0398 0.0361 0.0175 0.0336 0.0302 20 0.0372 0.0290 0.0412 0.0329 0.0113 0.0219 0.0 150 0.0105 0.0256 0.0272 0.0197 0.0146 0.0225 24 0.0075 0.0171 28 0.0270 0.0233 0.0200 0.0075 0.0050 0.0133 32 0.0226 0.0190 0.0159 0.0053 0.0033 0.0110 0.0084 0.0065 0.0104 0.0129 36 0.0192 0.0158 0.0133 0.0039 0.0023 0.0105 0.0083 40 0.0166 G
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