Question: i want solution for above question in 15 mins I will give like if you give correct answer 1. In five years, 1.8M will be

i want solution for above question in 15 mins I will give like if you give correct answer

i want solution for above question in 15 mins I

1. In five years, 1.8M will be needed to pay for a building renovation. In order to generate this sum, a sinking fund of three annual payments is established now. For tax purposes, no further payments will be made after three years. How much payment is necessary if the money is worth 14% per annum? Assume a 6% inflation rate

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