Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments

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Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments as given.

Accumulate $56,000, monthly payments of $300 over 12 years

Accumulate $120,000, monthly payments of $500 over 15 years

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Oct 09, 2023 02:03 AM

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Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments

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Income Tax Fundamentals 2013

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