Semi annual sinking fund payment made at the start of every six years, earning 9% compounded semi

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Semi annual sinking fund payment made at the start of every six years, earning 9% compounded semi annually amount to 36,750 at the end of six years. What is the interest earned?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Apr 06, 2022 01:00 PM

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Semi annual sinking fund payment made at the start of every six years, earning 9% compounded semi

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Solution A sinking fund is when the future value ... View the full answer

Accounting concepts and applications

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