7. · 0/1.48 points l Previous Answers 116 Submissions used My Notes A corporatio

Question

7. · 0/1.48 points l Previous Answers 116 Submissions used My Notes A corporation creates a sinking fund in order to have680 000 to replace some machinery in 8 years. How much should be placed in this account at the end of each week fthe annual i ter estrates 6.9% compounded weekly? (Round your answers to the nearest cent.) 664.18 How much interest would they earn over the life of the account? 403701.12X Determine the value of the fund after 2, 4, and 6 years. 2 years $74015.34 X 4 years 158975.36 X 6 years 256498.47x

Explanation / Answer

To have sinkinjg fund of 68000/- after 8 years , ome should be invest or create fund of 6637.62 $ at each week end .

Interest would be 42788 for the entire period

after 2 yrs- 161972

after 4 yrs - 329182

after 6 yrs - 501800

1 1 0.069 0.001327 1.001327 6637.62 6646.428 2 1.001327 1.001327 1.002656 6637.62 6655.247 3 1.002656 1.001327 1.003986 6637.62 6664.079 4 1.003986 1.001327 1.005318 6637.62 6672.922 5 1.005318 1.001327 1.006653 6637.62 6681.777 6 1.006653 1.001327 1.007988 6637.62 6690.644 7 1.007988 1.001327 1.009326 6637.62 6699.522 1.009326 1.001327 1.010665 6637.62 6708.413 1.010665 1.001327 1.012007 6637.62 6717.315 1.012007 1.001327 1.013349 6637.62 6726.229 1.013349 1.001327 1.014694 6637.62 6735.154 1.014694 1.001327 1.016041 6637.62 6744.092 1.016041 1.001327 1.017389 6637.62 6753.041 1.017389 1.001327 1.018739 6637.62 6762.002 1.018739 1.001327 1.020091 6637.62 6770.976 1.020091 1.001327 1.021445 6637.62 6779.961 1.021445 1.001327 1.0228 6637.62 6788.958 1.0228 1.001327 1.024157 6637.62 6797.967 1.024157 1.001327 1.025516 6637.62 6806.988 1.025516 1.001327 1.026877 6637.62 6816.02 1.026877 1.001327 1.02824 6637.62 6825.065 1.02824 1.001327 1.029604 6637.62 6834.122 1.029604 1.001327 1.030971 6637.62 6843.191 1.030971 1.001327 1.032339 6637.62 6852.272 1.032339 1.001327 1.033709 6637.62 6861.365 1.033709 1.001327 1.03508 6637.62 6870.47 1.03508 1.001327 1.036454 6637.62 6879.587 1.036454 1.001327 1.037829 6637.62 6888.716 1.037829 1.001327 1.039206 6637.62 6897.858 1.039206 1.001327 1.040585 6637.62 6907.011 1.040585 1.001327 1.041966 6637.62 6916.177 1.041966 1.001327 1.043349 6637.62 6925.354 1.043349 1.001327 1.044734 6637.62 6934.544 1.044734 1.001327 1.04612 6637.62 6943.747 1.04612 1.001327 1.047508 6637.62 6952.961 1.047508 1.001327 1.048898 6637.62 6962.187 1.048898 1.001327 1.05029 6637.62 6971.426 1.05029 1.001327 1.051684 6637.62 6980.677 1.051684 1.001327 1.053079 6637.62 6989.941 1.053079 1.001327 1.054477 6637.62 6999.216 1.054477 1.001327 1.055876 6637.62 7008.504 1.055876 1.001327 1.057277 6637.62 7017.805 1.057277 1.001327 1.05868 6637.62 7027.117 1.05868 1.001327 1.060085 6637.62 7036.442 1.060085 1.001327 1.061492 6637.62 7045.78 1.061492 1.001327 1.0629 6637.62 7055.129 1.0629 1.001327 1.064311 6637.62 7064.492 1.064311 1.001327 1.065723 6637.62 7073.866 1.065723 1.001327 1.067137 6637.62 7083.253 1.067137 1.001327 1.068554 6637.62 7092.653 1.068554 1.001327 1.069972 6637.62 7102.065 1.069972 1.001327 1.071391 6637.62 7111.489 1.071391 1.001327 1.072813 6637.62 7120.926 1.072813 1.001327 1.074237 6637.62 7130.375 1.074237 1.001327 1.075662 6637.62 7139.837 1.075662 1.001327 1.07709 6637.62 7149.312 1.07709 1.001327 1.078519 6637.62 7158.799 1.078519 1.001327 1.07995 6637.62 7168.299 1.07995 1.001327 1.081383 6637.62 7177.811 1.081383 1.001327 1.082818 6637.62 7187.336 1.082818 1.001327 1.084255 6637.62 7196.874 1.084255 1.001327 1.085694 6637.62 7206.424 1.085694 1.001327 1.087135 6637.62 7215.987 1.087135 1.001327 1.088577 6637.62 7225.563 1.088577 1.001327 1.090022 6637.62 7235.151 1.090022 1.001327 1.091468 6637.62 7244.752 1.091468 1.001327 1.092917 6637.62 7254.366 1.092917 1.001327 1.094367 6637.62 7263.992 1.094367 1.001327 1.095819 6637.62 7273.632 1.095819 1.001327 1.097273 6637.62 7283.284 1.097273 1.001327 1.098729 6637.62 7292.949 1.098729 1.001327 1.100187 6637.62 7302.626 1.100187 1.001327 1.101647 6637.62 7312.317 1.101647 1.001327 1.103109 6637.62 7322.02 1.103109 1.001327 1.104573 6637.62 7331.737 1.104573 1.001327 1.106039 6637.62 7341.466 1.106039 1.001327 1.107507 6637.62 7351.208 1.107507 1.001327 1.108976 6637.62 7360.963 1.108976 1.001327 1.110448 6637.62 7370.731 1.110448 1.001327 1.111921 6637.62 7380.512 1.111921 1.001327 1.113397 6637.62 7390.306 1.113397 1.001327 1.114874 6637.62 7400.113 1.114874 1.001327 1.116354 6637.62 7409.933 1.116354 1.001327 1.117835 6637.62 7419.766 1.117835 1.001327 1.119319 6637.62 7429.612 1.119319 1.001327 1.120804 6637.62 7439.471 1.120804 1.001327 1.122291 6637.62 7449.343 1.122291 1.001327 1.123781 6637.62 7459.228 1.123781 1.001327 1.125272 6637.62 7469.127 1.125272 1.001327 1.126765 6637.62 7479.038 1.126765 1.001327 1.12826 6637.62 7488.963 1.12826 1.001327 1.129757 6637.62 7498.901 1.129757 1.001327 1.131257 6637.62 7508.852 1.131257 1.001327 1.132758 6637.62 7518.816 1.132758 1.001327 1.134261 6637.62 7528.794 1.134261 1.001327 1.135766 6637.62 7538.784 637211.5 680000.5 42788.99

Related Questions

Navigate

• Browse (All)
• Browse 7
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.