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categoryالإدارة والاقتصاد
schoolبكالوريوس
event_available2026-07-15
السؤال
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A sinking fund amounting to $23,000 is to be created by making payments at the beginning of every year for 8 years. Interest earned by the fund is 8.2% compounded
annually. Determine the size of the periodic payment and compute the interest earned during the fourth payment interval. Verify your answer by checking the sinking
fund schedule.
The size of the payment is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Complete the table, rounding each entry to the nearest cent
(Do not include the $ symbol in your answers.)
Payment Interval
Number
0
1
Periodic Payment Interval
Payment
(Beginning)
Interest
i=8.2%
Increase in
Fund
Balance at End of Payment Interval
2
3
4
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0000
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