This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What sinking fund payment would you need to make at the END of each three months, at 12 interest ... (Read 102 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 24, 2018
What sinking fund payment would you need to make at the END of each three months, at 12 interest compounded quarterly, to amount to 3,500 in 4 years? (Use Table 12-1 from your text)
 A) 232.93
  B) 732.32
  C) 481.05
  D) 173.64

Question 2

Dempsey Electric wishes to pay off a debt of 28,000 in 3 years. What amortization payment would they need to make every month, at 12 interest compounded monthly? (Use Table 12-2 from your text)
 A) 625.00
  B) 844.12
  C) 930.00
  D) 706.10


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

C


pepyto

  • Member
  • Posts: 547
Reply 2 on: Jun 24, 2018
Gracias!

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse
Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ... Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ...
The location of the variable fuel sensor can vary, depending on the make and model of vehicle, but ... The location of the variable fuel sensor can vary, depending on the make and model of vehicle, but ...
How Chemical Engineer Make a Orange How Chemical Engineer Make a Orange
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Video: Biological organic compounds

For a complete list of videos, visit our video library