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7 Jun 2018
7. What is the annual sinking fund payment if in 10 years you need to have $225,000 available for equipment replacement? Use an interest rate of 4% compounded semiannually.
8. What is the present value of 16 years of equal quarterly payments of $2500 at an interest rate of 9% compounded quarterly?
9. What is the present worth of a geometrically increasing series with a first year payment of $10,000 increasing at 5% per year for 25 years if the interest rate is 6% compounded annually?
7. What is the annual sinking fund payment if in 10 years you need to have $225,000 available for equipment replacement? Use an interest rate of 4% compounded semiannually.
8. What is the present value of 16 years of equal quarterly payments of $2500 at an interest rate of 9% compounded quarterly?
9. What is the present worth of a geometrically increasing series with a first year payment of $10,000 increasing at 5% per year for 25 years if the interest rate is 6% compounded annually?
Beverley SmithLv2
9 Jun 2018