A company establishes a sinking fund for plant retooling in 6 years at an estimated cost of
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A company establishes a sinking fund for plant retooling in 6 years at an estimated cost of $850,000. How much should be invested semiannually into an account paying 8.76% compounded semiannually? How much interest will the account earn in the 6 years?
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r R100 3875100 003875 per year The total amount accrued principal ...View the full answer
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While my students and I certainly utilized technology and the internet often during our sessions, I never tutored online or for any tutoring company, so am not familiar with the curriculums or methods used in those settings.
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Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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