Terence and Michael want to raise Php50,000.00 in 3 years by depositing a certain amount every 6

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Terence and Michael want to raise Php50,000.00 in 3 years by depositing a certain amount every 6 months in a fund that earns 9% compounded semi-annually. Determine how large should this amount be and construct a sinking fund schedule.

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Jun 01, 2023 09:42 AM

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Terence and Michael want to raise Php50,000.00 in 3 years by depositing a certain amount every 6

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To determine how much Terence and Michael need to deposit every 6 months we can use the formula for ... View the full answer

Smith and Roberson Business Law

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