1. The factory manager estimates that P2,500,000 will be needed in 7% years. He decides that...
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1. The factory manager estimates that P2,500,000 will be needed in 7% years. He decides that the factory should invest a sum every 6 months in a fund. Interest is earned at 6% converted semi-annually. a How much is the semiannual investment? b. How much will be in the fund after the 12th deposit? C c. How much interest is earned on the 6th deposit date? d. How much will the fund increase be on the 11th deposit date? e. Construct the first 4 lines of the sinking fund schedule 1. The factory manager estimates that P2,500,000 will be needed in 7% years. He decides that the factory should invest a sum every 6 months in a fund. Interest is earned at 6% converted semi-annually. a How much is the semiannual investment? b. How much will be in the fund after the 12th deposit? C c. How much interest is earned on the 6th deposit date? d. How much will the fund increase be on the 11th deposit date? e. Construct the first 4 lines of the sinking fund schedule
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