Lowell Corporation wishes to establish a sinking fund to retire a $200,000 debt that is due in 12 years. If the investment will earn interest at the rate of 9%/year compounded quarterly, find the amount of the quarterly deposit that must be made in order to accumulate the required sum. Round your answer to the nearest cent.
R = $__________
2,356.47
Mathematics
You might also like to view...
Assuming that the equations define x and y implicitly as differentiable functions
find the slope of the curve
at the given value of t.2x + 4x3/2 = t3 + t, y(t + 1) - 4t
= 9, t = 0
A. -6
B.
C. 6
D. 3
Mathematics
Solve the problem.If you are dealt 6 cards from a shuffled deck of 52 cards, find the probability of getting 3 jacks and 3 aces.
A.
B.
C.
D.
Mathematics
Write the number in scientific notation.604,244
A. 6.04244 × 105 B. 6.04244 × 101 C. 6.04244 × 106 D. 6.04244 × 10-5
Mathematics
Multiply and simplify.x ? x-8
A.
B. x9
C.
D. x7
Mathematics