Question: plz answer fast with all steps and formulas. need formulas Western Corporation created a sinking fund to accumulate $6,000,000 in 14 years' time that will
Western Corporation created a sinking fund to accumulate $6,000,000 in 14 years' time that will require monthly contributions. If the corporation assumed a rate of return of 4.5% compounded monthly, what will be the BOOK VALUE of the fund after five years? (nearest dollar)
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