Create table showing interest credited to account
To accumulate $5,000, the individual makes 6 semiannual payments into the sinking fund which pays 6.2% interest compounded semi-annually. Create the table showing interest credited to account and balance of account at time of every payment.
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How large the endowment is required to cover capitalized cost & maintenance? Suppose that endowment will earn 6.2% interest.
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How much must be deposited in the account that pays 3.9% interest compounded continuously to make annual payments of $4,000 starting eight years from now?
To accumulate $5,000, the individual makes 6 semiannual payments into the sinking fund which pays 6.2% interest compounded semi-annually.
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How much, if any, of he contribution can be claimed as the deduction for 2013? What occurs to any portion not deductible for 2013?
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