What equal annual series of payments must be paid into a sinking fund in order to accumulate

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What equal annual series of payments must be paid into a sinking fund in order to accumulate each of the following given amounts?
(a) $18,000 in 13 years at 5% compounded annually.
(b) $11,000 in eight years at 6% compounded annually.

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 12, 2018 10:26 AM

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What equal annual series of payments must be paid into a sinking fund in order to accumulate

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a A 18000AF 5 13 180000056...View the full answer

Fundamentals of Engineering Economics

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