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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Use FV PMT The graphs of 11 1 i 1005 1 0005 where PMT ...View the full answer
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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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