Use Table 14 - 2 to find the sinking fund payment: Desired future value 1. $24,000 2.
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Desired future value 1. $24,000 2. $45,000 3. $8,000 4. $10,000 Annual interest rate 5% 8% 6% 4% YearsFrequency of payments Sinking fund payment 10 4 17 19 Semiannually Quarterly Annually Annually
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1 Number of periods 10 2 20 Period rate 6 2 3 Table 142 value 00372157 Sinking fund payment ...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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