A company makes a payment of $1,200 each month into a sinking fund that earns 6% compounded

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A company makes a payment of $1,200 each month into a sinking fund that earns 6% compounded monthly. Use graphical approximation techniques on a graphing calculator to determine when the fund will be worth $100,000.

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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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