A corporation creates a sinking fund in order to have 510

Last updated: 10/12/2023

A corporation creates a sinking fund in order to have 510 000 to replace some machinery in 10 years How much should be placed in this account at the end of each week if the annual interest rate is 3 2 compounded weekly Round your answers to the nearest cent How much interest would they earn over the life of the account Determine the value of the fund after 2 4 and 6 years 2 years 4 years 6 years es How much interest was earned during the third week of the 5th year