A corporation makes a sinking fund in order to have $730,000 to replace some machinery in 9 years. How much should be placed in this account at the end of each week if the annual interest rate is 8.2% 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 |
|
$
|