Question: Question Help HY Industries Ltd. plans to replace a warehouse in eleven years at an anticipated cost of $70,000. To pay for the replacement, a

Question Help HY Industries Ltd. plans to replace a warehouse in

Question Help HY Industries Ltd. plans to replace a warehouse in eleven years at an anticipated cost of $70,000. To pay for the replacement, a sinking fund has been established into which equal payments are made at the end of every quarter. Interest is 6.5% quarterly. (a) What is the size of the periodic payment? (b) What is the accumulated balance just after the 36th payment

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