Clearlake Optical has a ($ 50,000) note that comes due in 4 years. The owners wish to

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Clearlake Optical has a $\$ 50,000$ note that comes due in 4 years. The owners wish to create a sinking fund to pay this note. If the fund earns $2.5 \%$ compounded semiannually, how much must each semiannual deposit be?

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Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

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Question Posted: Jan 28, 2024 01:03 AM

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Clearlake Optical has a ($ 50,000) note that comes due in 4 years. The owners wish to

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Nature Of Mathematics

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