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  • Determine The Corresponding Value: 1 1 1 1 0.0725 0.7507 0.096576 0.096576

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    anand
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    To determine the annual sinking fund deposit needed to accumulate $10,000 over 7 years at an interest rate of 7% compounded annually, the formula A = F(1 + i/n)^(nt) - 1) is used. Plugging in the values of F = $10,000, i = 7%, n = number of times interest is compounded per year (which is annually so n = 1), and t = number of years (7), the resulting annual sinking fund deposit is calculated to be $965.765.

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    determine the sinking fund

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    To determine the annual sinking fund deposit needed to accumulate $10,000 over 7 years at an interest rate of 7% compounded annually, the formula A = F(1 + i/n)^(nt) - 1) is used. Plugging in the values of F = $10,000, i = 7%, n = number of times interest is compounded per year (which is annually so n = 1), and t = number of years (7), the resulting annual sinking fund deposit is calculated to be $965.765.

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    Determine The Corresponding Value: 1 1 1 1 0.0725 0.7507 0.096576 0.096576

    Uploaded by

    anand
    To determine the annual sinking fund deposit needed to accumulate $10,000 over 7 years at an interest rate of 7% compounded annually, the formula A = F(1 + i/n)^(nt) - 1) is used. Plugging in the values of F = $10,000, i = 7%, n = number of times interest is compounded per year (which is annually so n = 1), and t = number of years (7), the resulting annual sinking fund deposit is calculated to be $965.765.

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    © All Rights Reserved
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    of 1

    Determine the corresponding value:

    e r 1
    A F rn
    e 1

    100
    e
    1

    F
    8 7
    100

    1
    e
    0.0725
    F

    0.7507
    A F 0.096576

    0.096576

    Determine the annual sinking fund deposit:


    A F A , i, n
    F
    10000 0.096576

    A $965.765
    $965.765
    Therefore, the annual sinking fund deposit is

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