Q4.Every 3 years Sienna needs to purchase new blenders and other equipment for the smoothy bar....
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Q4.Every 3 years Sienna needs to purchase new blenders and other equipment for the smoothy bar. It is estimated that $25,000 will be needed for the next purchase. she sets up a sinking fund to save for this obligation. A. What equal payments must be deposited every 6 months if interest is 8% compounded semiannually? B. What is the total amount of interest earned by the sinking fund? Answers: Q4.Every 3 years Sienna needs to purchase new blenders and other equipment for the smoothy bar. It is estimated that $25,000 will be needed for the next purchase. she sets up a sinking fund to save for this obligation. A. What equal payments must be deposited every 6 months if interest is 8% compounded semiannually? B. What is the total amount of interest earned by the sinking fund? Answers:
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A Calculate the equal payments that must be deposited every 6 months Where P is the equa... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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