document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1194197>Question 1194197</A>: <I><SPAN STYLE=\"word-break: break-all;\"> . A ₱1.5M trust fund is created by depositing ₱40,000 quarterly at 16% <BR>\n" );
document.write( "compounded every three months.<BR>\n" );
document.write( "a. How many regular deposits are needed?<BR>\n" );
document.write( "b. How much is in the fund at the end of 4 years?<BR>\n" );
document.write( "c. What is the interest earned at the end of 5 years?<BR>\n" );
document.write( "d. What is the increase in the fund on the 12th deposit?<BR>\n" );
document.write( "e. What additional deposit should be made after the last regular <BR>\n" );
document.write( "deposit is made?<BR>\n" );
document.write( "f. Construct a sinking fund schedule. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #826466 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=826466\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> answers to your questions are below:\r<BR>\n" );
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document.write( "a. How many regular deposits are needed?<BR>\n" );
document.write( "there would be 22 regular deposits of 40,000 each.\r<BR>\n" );
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document.write( "b. How much is in the fund at the end of 4 years?<BR>\n" );
document.write( "4*4 = 16 quarters.<BR>\n" );
document.write( "the amount of money in the fund at the end of 4 years (16 quarters) is equal to $872,981.25.\r<BR>\n" );
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document.write( "c. What is the interest earned at the end of 5 years?<BR>\n" );
document.write( "5*4 = 20 quarters.<BR>\n" );
document.write( "interest earned at the end of 5 years (20 quarters0) is equal to $391,123.14.\r<BR>\n" );
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document.write( "d. What is the increase in the fund on the 12th deposit?<BR>\n" );
document.write( "after the 12th deposit, the increase in the fund is equal to $601,032.22 minus $539,454.06 = $61,578.16.<BR>\n" );
document.write( "this increase is interest earned of $21,578.16 plus the normal deposit of $40,000.\r<BR>\n" );
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document.write( "e. What additional deposit should be made after the last regular<BR>\n" );
document.write( "deposit is made?<BR>\n" );
document.write( "the additional deposit that should be made after the last regular deposit of 40,000 is equal to $54,796.75.\r<BR>\n" );
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document.write( "f. Construct a sinking fund schedule.<BR>\n" );
document.write( "sinking fund schedule is shown below.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2022/051602.jpg\" >\r<BR>\n" );
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document.write( "let me know if you have any questions.<BR>\n" );
document.write( "theo\r<BR>\n" );
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document.write( " </SPAN>\n" );
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