Suppose a Company Establishes a Sinking Fund to Replace Equipment

question 110

Multiple Choice

Suppose a company establishes a sinking fund to replace equipment that has a salvage value of $50,000.The company deposits $20,000 into the fund at the end of every six months.If interest is earned at the rate of 8% compounded semiannually,the value of the fund at the end of six years is

• A) $137,701.48.
• B) $187,701.48.
• C) $237,701.48.
• D) $250,516.10.
• E) $300,516.11.

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Definitions:

Advertising Content

Materials and messages created to inform, persuade, or remind consumers about a product, service, or brand.

News Content

Information and stories that are reported in various media formats, including newspapers, television, and digital platforms.

Group Behavior

The manner in which people behave when they are in large or small groups, influenced by the presence and actions of others in the group.

Task-Oriented

Focused primarily on completing tasks or achieving goals, rather than on social or emotional aspects.