Question: Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the interest earned column and by calculating the difference between the

Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the €œinterest earned€ column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinking fund payments and periodic interest earnings to the nearest dollar.
Construct the complete sinking fund schedule. Calculate the total interest

Sinking End-of-term amount of sinking fund ($) 550,000 Payment and Payment at Term (years) fund rate compounding beginning or interval of return (%) end of interval? 5.75 6 months Beginning

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Given FVdue 550000 n 24 8 i 5752 2875 Substitute into formula 131 and solve for PMT to obtain PM... View full answer

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