Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period.$110,000 to be accumulated in 15 years; quarterly payments of $1200. Round to the nearest hundredth.

A. 5.42%
B. 5.47%
C. 5.43%
D. 5.41%


Answer: A

Mathematics

You might also like to view...

Provide an appropriate response.True or False? Every integer is a whole number.

A. True B. False

Mathematics

For the set of numbers, find the mean, median, and any mode that exist. 25, 18.8, 21, 18.8,23.4, 17.3, 25, 16.5, 18.8,15.3

A. mean: 20.61, median: 19.9, mode: 25 B. mean: 19.99, median: 18.8, mode: 25 C. mean: 20.61, median: 18.8, mode: 25 D. mean: 19.99, median: 18.8, mode: 18.8

Mathematics

x? = 0.8x ? 0.4xy , y? = ?0.6y + 0.2xy

Let x and y represent the populations (in thousands) of two species that share a habitat. For each system of equations, find and assess the stability of the equilibrium points. Remember that, for real populations, both x0 and y0 must be nonnegative for ( x0, y0) to be an equilibrium point.

Mathematics

Find the indicated intercept(s) of the graph of the function.x-intercepts of f(x) = 

A. (5, 0) B. (5, 0), (-4, 0) C. (4, 0), (-5, 0) D. none

Mathematics