Find the interest rate needed for the sinking fund to reach, Financial Management

+44 141 628 6080
[email protected]

Find the interest rate needed for the sinking fund to reach

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. ?$40,000 to be accumulated in 10 ?years; annual payments of ?$3200.

The interest rate needed is approximately in %

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Find the interest rate needed for the sinking fund to reach

Reference No:- TGS02722464

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Find the interest rate needed for the sinking fund to reach

Reference No:- TGS02722464

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : A 5000 bond had a coupon rate of 525 with interest paid

Q : The companys beta is 175 the market risk premium is 550 and

Q : The risk-free rate and the firms beta remain unchanged what

Q : The company borrows 108000 and uses the proceeds to

Q : Find the interest rate needed for the sinking fund to reach

Q : Micro spinoffs inc issued 10-year debt a year ago at par

Q : Annual dividends of general electric ge grew from 067 in

Q : What is the range of transfer prices within which both the

Q : An all-equity plan would result in 18000 shares of stock