3.3 - Uniform Series Payments Factors
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Practice Questions
Test your understanding with targeted questions
What does the Uniform Series Capital Recovery Factor help calculate?
💡 Hint: Think about payments related to borrowing money.
What is the purpose of the Sinking Fund Factor?
💡 Hint: It helps in saving for something in the future.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does USCRF stand for?
💡 Hint: Focus on capital recovery in the name.
True or False: The sinking fund factor can be used to calculate how much to save annually to reach a future goal.
💡 Hint: Think about how savings work.
1 more question available
Challenge Problems
Push your limits with advanced challenges
If you have a cash flow of $2000 each year for the next 6 years and an interest rate of 5%, how much needs to be invested today using the USPW?
💡 Hint: Calculate the present value using each cash flow as a factor.
How would you use the sinking fund method to prepare for purchasing a $30,000 machine in 10 years at an interest rate of 4%?
💡 Hint: Think about dividing the total cost by the effective growth rate over the period.
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