PRACTICE A A corporation creates a sinking fund in order to have 340 000 to...
90.2K
Verified Solution
Link Copied!
Question
Basic Math
image
PRACTICE A A corporation creates a sinking fund in order to have 340 000 to replace some machinery in 8 years How much should be placed in this account at the end of each week if the annual interest rate is e compounded weekly Round your answers to the nearest cent 631 78 How much interest would they earn over the life of the account 77179 52 Determine the value of the fund after 2 4 and 6 years 2 years 3072 67 x x 4 years 1441 22 6 years 900 23 How much interest was earned during the second week of the 4th year MY NOTES
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
