A business must raise $60,000 in 8 years. What should be the size of the owners' quarterly

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A business must raise $60,000 in 8 years. What should be the size of the owners' quarterly payment to a sinking fund paying 4% compounded quarterly? (Round your answer to the nearest cent.)

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Posted Date: Jun 27, 2023 03:06 AM

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A business must raise $60,000 in 8 years. What should be the size of the owners' quarterly

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Total Amount A 60000 Payment Amount p Time t 8 of Perio... View the full answer

Contemporary Business Mathematics With Canadian Applications

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