Use Table 14 - 2 to find the sinking fund payment. Desired future value 1, $240,000 2
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Desired future value 1, $240,000 2 $3,000 3, $50,000 4 $45,000 Annual interest rate 5% 4% 4% 3% Years 15 10 Frequency of payments Annually Semiannually Quarterly Annually
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1 Number of periods 15 period rate 6 Table 142 value 00429628 Sinking fund payment 24000000...View the full answer
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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