Question 16In order to fund the renovation of her condounit, Stella estimates that Php350,000 will beneeded in 4.5 years. She decides to deposit a sumevery 3 months with interest earned at 8%converted quarterly. Consider the sinking fundschedule below. What is the interest earned afterthe first deposit?Period the4567891011Amount at1 02312-131415161718beginningPhp16,345.74Php0Php33,018.39Php326.91Interest PeriodicEarnedDeposit0Amountat theend16

Computation of first deposit: P = A(1+r/n(t×n) -1)r/n A=…

Answered: In order to fund the renovation of her…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 13E

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Question 17 In order to fund the renovation of her condo unit, Stella estimates that Php350,000 will be needed in 4.5 years. She decides to deposit a sum every 3 months with interest earned at 8% converted quarterly. Consider the sinking fund schedule below. What is the amount at the end of the second deposit? Period the Amount at 4 1 0 2 3 5 6 7 8 9 10 11 12 13 14 15 16 17 18 beginning Php32,691.48 Php326.91 Php16,345.74 Php33,018.39 Interest Periodic Earned Deposit 0 Amount at the end 17
A person sells some property She will be paid a lump sum of $80.000 in 4 years. Until then, the buyer pays 7% simple interest every quarter (a) Find the amount of each quarterly to payments to pay the sum. sets up a pays semiannually. amount of each payment into the fund (c) Complete the sinking fund table Click here to view page 1 of the sinking fund table Click here to view page 2 of the sinking fund table. (a) The simple interest payment is (Round to the nearest cent as needed.)
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Clear my choice Jamil wants to renovate his Studio in 8 years. He estimates the cost to be $19653. How much should he deposit each year in a sinking fund that earns 8%. O $1847.67 $2388.66 $900.50 O$146.81 O $444.37 What will be the Future value on an investment account of $9173 compounded semiannually at 2% for 7 years? OS10550.23
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how much can we paid in scolarships at the end of half year if $90.000 is deposited in a trust fund if interest is 8.5% compounded semi-anually? the amount that can be paid each half-year is $_____
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