A 7 year loan of $2,000 is to be repaid by a 7 payment annuity immediate using the sinking fund method The loan charges 4 interest and the sinking fund credits 5 interest Create a sinking fund schedule for the loan A 7 year loan of $2,000 is to be repaid by a 7 payment annuity immediate using the ...

To find the monthly payment for the annuity we can use the sinking fund formula PMT ...

A 7-year loan of $2,000 is to be repaid by a 7-payment annuity-immediate using the sinking...

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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A 7-year loan of $2,000 is to be repaid by a 7-payment annuity-immediate using the sinking...

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Contemporary Business Mathematics with Canadian Applications

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