Cottingham Pies made semi-annual payments into a sinking fund for 10 years. If the fund had a

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Cottingham Pies made semi-annual payments into a sinking fund for 10 years. If the fund had a balance of $100 000 after 10 years and interest is 11% compounded semi-annually, what was the accumulated balance in the fund after 7 years?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:17 AM

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Cottingham Pies made semi-annual payments into a sinking fund for 10 years. If the fund had a

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Contemporary Business Mathematics with Canadian Applications

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