On the day the business set up a sinking fund into which equal monthly installments must be

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On the day the business set up a sinking fund into which equal monthly installments must be paid interest on this fund is 8% per annum compounded monthly the first payment will be made immediately and the last payment will be made at the end of the six-year. Calculate the value of the monthly installment into the sinking fund

Posted Date: May 18, 2024 07:11 PM

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On the day the business set up a sinking fund into which equal monthly installments must be

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