Question: Solve by using sinking fund or amortization formula. A manufactoring company has determined that it will need 6 0 0 , 0 0 0 in
Solve by using sinking fund or amortization formula.
A manufactoring company has determined that it will need in years for a new roof on its southeastern regional warehouse. A sinking fund is established for the roof at compounded semiannually. What equal payments in $ are required every months to accumulate the needed funds for the roof? Round to nearest cent
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