What equal series of payments must be paid into a sinking fund to accumulate the following amount?
Question:
(a) $45,000 in 10 years at 7.45% compounded semiannually when payments are semiannual.
(b) $25,000 in 15 years at 6.35% compounded quarterly when payments are quarterly.
(c) $12,000 in five years at 9.25% compounded monthly when payments are monthly
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a A 45000 A F 37252...View the full answer
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