Find the amount of each payment to be made into a sinking fund which earns 9% compounded quarterly and produces $43 comma 000 at the end of 3.5 years. payments are made at the end of each period.

$2647.18

Step-by-step explanation:

Formula :

Future value = $43,000

r = rate of interest = 9% = 0.09

t = 3.5 years (compounded quarterly)

n = number of compounding (3.5 × 4) = 14

Now put the values into formula :

43000 =

43000=A(

43,000 = A(16.243708)

A =

A = $2,647.17883 ≈ $2647.18

answer: standard form is ax^2 + bx + c = 0

step-by-step explanation:

standard form is ax^2 + bx + c = 0

(2x + 1)(x - 2) = 0

distribute to get into standard form

2x^2 - 4x + x - 2 = 0

2x^2 - 3x - 2 = 0

a = 2, b= -3, c = -2

a is your answer