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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
$

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91143664

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