Find the amount of each payment to be made into a sinking fund which earns 5% compounded quarterly and produces S47,000 at the end of 35 years Payments are made at the end of each period The paym ent size is $ (Round to the nearest cent.)

$8,355.555

Step-by-step explanation:

Hello,

This question relates to compound interest and to solve it, we'll need to use the right formula.

C.P = P(1 + r/n)^nt

C.P = compound interest

P = principal

R = rate

N = number of times compounded

T = time

C.P = $47,000

P = ?

R = 5% = 0.05

N = 4

T = 35 years

Substituting the variables into the equation,

47,000 = P (1 + 0.05 / 4) ^ (4 × 35)

47,000 = P (1.0125) ^ 140

47,000 = P × 5.625

Divide both sides by 5.625 and solve for P

P = 47,000 / 5.625

P = $8,355.555

The initial investment was $8,355.555

step-by-step explanation:

i found the life tables for the year 2012. 

life table of males at age 30. probability of dying between ages x and x+1

total population:  

29–30 . . . . . . . . . . . . 0.001030

30–31 . . . . . . . . . . . . 0.001061

males:  

29–30 . . . . . . . . . . . . 0.001420

30–31 . . . . . . . . . . . . 0.001448

white population

29–30 . . . . . . . . . . . . 0.001005

30–31 . . . . . . . . . . . . 0.001037

white males

29–30 . . . . . . . . . . . . 0.001372

30–31 . . . . . . . . . . . . 0.001399

non hispanic white population

29–30 . . . . . . . . . . . . 0.001083

30–31 . . . . . . . . . . . . 0.001116

non hispanic white males

29–30 . . . . . . . . . . . . 0.001477

30–31 . . . . . . . . . . . . 0.001503

jacob, non hispanic white male. 30 years old.

probability that jacob lives to be 30 years old. 

since the given probabilities are probabilities of dying, i think we simply subtract it from 1 to get the probability of living. we will use the probability of non hispanic white male.

                                          probability of living to be 30 y.o.

29 - 30 : 1 - 0.001477 = 0.998523

30 - 31 : 1 - 0.001503 = 0.998497

45.36 feet per second.

step-by-step explanation:

to find the most accurate determination for the number of feet per second tyrone traveled on his way to work let us convert miles to feet and minutes to seconds.

1 mile = 5280 feet.

1 minute = 60 seconds.

now we will divide 158400 by 3492 to find the most accurate determination for the number of feet per second tyrone traveled on his way to work.

therefore, tyrone traveled on his way to work at the rate of 45.36 feet per second.