A corporation creates a sinking fund in order to have 340

Last updated: 4/1/2023

A corporation creates a sinking fund in order to have 340 000 to replace some machinery in 8 years How much should be placed in this account at the end of each week if the annual interest rate is 6 2 compounded weekly Round your answers to the nearest cent 631 78 How much interest would they earn over the life of the account 77179 52 Determine the value of the fund after 2 4 and 6 years 2 years 3072 75 4 years 1441 22 6 years 900 23 x x How much interest was earned during the second week of the 4th year