A corporation creates a sinking fund in order to have $440,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each week if the annual interest rate is...

A corporation creates a sinking fund in order to have $440,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each week if the annual interest rate is 3.8% 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$6 years$ How much interest was earned during the second week of the 4th year?

Jun 06, 2022
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