User Account

All Pages

How much interest would they earn over

Assignment Help Mathematics
Reference no: EM131769846

A corporation creates a sinking fund in order to have $870,000 to replace some machinery in 9 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 8.7% compounded quarterly? (Round your answers to the nearest cent.)

$

How much interest would they earn over the life of the account?

$

Determine the value of the fund after 2, 4, and 6 years.

2 years $ 4 years $ 6 years $

Reference no: EM131769846

Questions Cloud

Discuss about the operations management technique : Provide a detailed description of how 2 of the items found above in Operational Issues and Actions could be resolved.
System of equations by using the elimination method : Solve the system of equations by using the elimination method. (If the system is dependent, enter a general solution in terms of c. If there is no solution.
Prepare a cash budget : McBride Medical had a cash balance of 7000 on January 1. The company desires to maintain a cash cushion of 5000. Prepare a cash budget
How can nurses encourage patients to make behavior changes : How can nurses encourage patients to make immediate and permanent behavior changes; particularly as they relate to lifestyle choices?
How much interest would they earn over : How much should be placed in this account at the end of each quarter if the annual interest rate is 8.7% compounded quarterly?
We began the business with almost nothing and both worked : We began the business with almost nothing and both worked there until Karen, our second child, was born
Research the role of the project manager : What are 2 qualities that you think are essential for the project manager to have for this project to be effective and successful?
What is the company recognized gain or loss on the sale : A corporation sold land (with an adjusted basis of $240,000) for $200,000 to its majority shareholder. What is the company's recognized gain or loss on the sale
How influential can an informal leader be among team members : How influential can an informal leader be among team members? What barriers to effective teamwork can you anticipate and how will it be addressed?

Reviews

Write a Review

Mathematics Questions & Answers

  Description of fermat little theorem

Please DO NOT USE Euler's function. You can only use Fermat's Little theorem if needed.

  How much will max insurance company pay

Max McLeod owns a home with a replacement value of $798,500. His homeowners insurance policy has an 80% coinsurance clause and a face value of $600,000.

  Find a formula-to seat n people around a circular table

Find a formula for the number of ways to seat n people around a circular table, where seatings are considered the same.

  Discuss about rotation-magnification or inversion

Write the linear fractional transformation as the end result of a sequence of mappings, each of which is a translation, rotation/magnification or inversion.

  Image and the effective focal length

The coordinate frame is located at the pinhole with the z-axis pointing towards the image and the effective focal length is f.

  How many different passwords are possible

"You are asked to create an 8-character password, and each character may be any of the 26 letters of the alphabet or the 9 numerals 1 through 9. How many different passwords are possible?"

  What is a don''t care condition

Explain how don't care conditions can be used to build a circuit using OR gates, AND gates, and inverters that produces an output of 1 if a decimal digit is 6 or greater, and an output of 0 if this digit is less than 6.

  Find the value of a and the value of the limit

If so, find the value of a and the value of the limit.

  How much will preferred stockholders and common receive

How much will the preferred stockholders and the common stockholders receive each year?

  Give functions f(x) and g(x)

Give functions f(x) and g(x) with the following properties; (i)  lim  f(x)=0    (ii)  lim  g(x)=0   (iii)  lim  (f(x) / g(x)) = 5

  Magnitude and phase of s in terms

Consider the complex number:

  What legal right do you have to these exams

What legal right do you have to these exams? Did you create them? Did you get permission to post them? Do you have permission from the author of these detailed solutions to post them publicly?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd