Use Table 14 - 2 to find the sinking fund payment. Desired future value 1, $240,000 2
Question:
Transcribed Image Text:
Desired future value 1, $240,000 2 $3,000 3, $50,000 4 $45,000 Annual interest rate 5% 4% 4% 3% Years 15 10 Frequency of payments Annually Semiannually Quarterly Annually
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
1 Number of periods 15 period rate 6 Table 142 value 00429628 Sinking fund payment 24000000...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
Use Table 14 - 2 to find the sinking fund payment: Desired future value 1. $24,000 2. $45,000 3. $8,000 4. $10,000 Annual interest rate 5% 8% 6% 4% YearsFrequency of payments Sinking fund payment 10...
-
Use the result of Experiment 2 to find the number of surfaces on a Mbius strip. Experiment 2: Make a Mbius strip. Place the tip of a felt-tip pen on the surface of the strip (Fig. 8.87). Pull the...
-
In Problem use Theorem 2 to find the local extrema. f(x, y) = 4x 2 - xy + y 2 + 12 THEOREM 2 Second-Derivative Test for Local Extrema If 1. z = f(x, y) 2. f(a, b) = 0 and f,(a, b) = 0[(a, b) is a...
-
Design a linear-time algorithm to sort an array of Comparable objects that is known to have at most three distinct values. (Edsger Dijkstra named this the Dutch-national-flag problem because the...
-
A not- for- profit hospital invests a $ 10,000 restricted donation in equity securities. At the date of its financial statements, the securities have a fair value of $ 12,000. How would the hospital...
-
The general ledger trial balance of the General Fund of the City of Bedford on January 1, 2020, shows the following: A summary of activities and transactions for the General Fund during 2020 is...
-
5 What would be your response to the statement Profit maximization is the only legitimate pricing objective for the firm?
-
The 2011 balance sheet of Annas Tennis Shop, Inc., showed $490,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2012 balance sheet showed $525,000 and...
-
Client situation The people: Tess, 70, and Lee, 71 The Problem or Questions: Are their investments arranged in the most tax-efficient way? Should they continue contributing to TFSAs even though they...
-
Muscle Pro is a (fictional) public company engaged in selling protein powders and other performance-enhancing supplements. In 20x2, Muscle Pro was sued by a supplier alleging that Muscle Pro did not...
-
Ernie Wroten contributes $1,750 each year to a Roth IRA. The IRA earns 2.67% per year. How much will he have at the end of 15 years? Use the formula or a calculator application?
-
Use Table 14 - 3 to find the amount that needs to be invested today to provide a stream of payments in the annuity liquidation phase. Payment amountAnnual interest rate 1. $10,000 2. $12,000 3....
-
Define information.
-
Propose how these mechanisms can be used to build a strategic business partnership, close the gap between management / leadership and employees while building a cohesive culture that adds value,...
-
1.What risks does the company face? 2. What is role for ERM at Swissgrid or most any company? 3. What risk management processes has Meyer installed at Swissgrid? Assess their strengths and...
-
Elizabeth's Country Wares How many workers does Elizabeth have and what does each of them do? What type of work does Elizabeth do for the CP product line? How long does it take to do the underglazing...
-
Do you support the policy of not allowing some Chinese nationals to attend graduate school in the United States because of national security concerns?
-
Using your product or service name or category, do a search using the following phrase: Find a (insert the name of your product or service here...) near me. For instance, using my Mobile Notary...
-
Define the following: a. satisfaction b. contribution c. indemnification d. release e. covenant not to sue
-
After looking at the resources, explain what a spirit image is. Why might looking at a god and/or a human in terms of their spirit be helpful if you want to eliminate some of the divisions between...
-
Outline the results of the various influence tactics LO1
-
A life insurance company is calculating the monthly premium that it will offer clients as an alternative to paying the full annual premium. With both alternatives, premiums are payable at the...
-
Regular investments made at the beginning of each quarter earn 6% compounded quarterly. How many more $1000 investments than $1100 investments will it take to accumulate $100,000?
-
An RRSP is now worth $316,000 after contributions of $3500 at the beginning of every six months for 17 years. What effective rate of return has the plan earned?
-
THIS IS ONE QUESTION WITH TWO PARTS. PLEASE ANSWER COMPLETELY AND SHOW ALL WORK. (NO EXCEL) Information for Question 1: State Probability Retum on A Return on B Return on C Retum on Portfolio X Boom...
-
Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $13.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $25.00 26.00 37.00 $88.00 The predetermined overhead rate...
-
Problem 1-28 (Algo) (LO 1-4, 1-5, 1-6b 1-7) Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's...
Study smarter with the SolutionInn App