Question: A corporation will need to replace a machine in 4 years time. Allowing for inflation, the management decides to establish a sinking fund of RM15000

A corporation will need to replace a machine in 4 years time. Allowing for inflation, the management decides to establish a sinking fund of RM15000 to replace the equipment at the end of its useful life. How much must they deposit every six months in an account paying 9% compounded semi-annually? Prepare a sinking fund table for these deposits

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