Need help solving A company must pay a $309,000 settlement in 3 years.(a) What amount must be deposited now at 6% compounded semiannually to have enough money for the settlement?(b) How much interest will be earned?(c) Suppose the company can deposit only $200,000 now. How much more will be needed in 3 years?(d) Suppose the company can deposit $200,000 now in an account that pays interest continuously. What interest ratewould they need to accumulate the entire $309,000 in 3 years?(a) The amount that must be deposited is $.(Do not round until the final answer. Then round to the nearest hundredth as needed.)(b) The amount of interest earned will be $(Do not round until the final answer. Then round to the nearest hundredth as needed.)(c) The additional amount needed in 3 years will be $(Do not round until the final answer. Then round to the nearest hundredth as needed.)(d) The company will need an interest rate of %.(Do not round until the final answer. Then round to the nearest hundredth as needed.)

As per the honor code of Bartleby we are bound to give the answer of first three sub part, please…

A company must pay a $309,000 settlement 3 years. (a) What amount must be deposited now at 6% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $200,000 now. How much more will be needed in 3 years?

A company must pay a $309,000 settlement 3 years. (a) What amount must be deposited now at 6% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $200,000 now. How much more will be needed in 3 years?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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A company must pay a $309,000 settlement in 3 years. (a) What amount must be deposited now at 6% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $200,000 now. How much more will be needed in 3 years? (d) Suppose the company can deposit $200,000 now in an account that pays interest continuously. What interest rate would they need to accumulate the entire $309,000 in 3 years? (a) The amount that must be deposited is $ (Do not round until the final answer. Then round to the nearest hundredth as needed.) (b) The amount of interest earned will be $. (Do not round until the final answer. Then round to the nearest hundredth as needed.) (c) The additional amount needed in 3 years will be $. (Do not round until the final answer. Then round to the nearest hundredth as needed.) (d) The company will need an interest rate of %. (Do not round until the final answer. Then round to the nearest hundredth as…
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