Find the interest rate needed for the sinking fund to reach the required amount. Assume that the

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Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $23,028 to be accumulated in 5 years; quarterly payments of $1025.

The interest rate needed is approximately what %?

Posted Date: May 19, 2024 02:14 AM

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Find the interest rate needed for the sinking fund to reach the required amount. Assume that the

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