What equal annual series of payment must be paid into a sinking fund to accumulate the following
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What equal annual series of payment must be paid into a sinking fund to accumulate the following amounts?
1) $32,000 in 15 years at 8% compounded annually
2) $55,000 in 10 years at 6% compounded annually
3) $35,000 in 15 years at 7% compounded annually
4) $8,000 in 4 years at 11% compounded annually
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1 Computation of the Future value of the Annuity Given information Cash Payments PMT 32000 No of ...View the full answer
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