A business must raise ($ 70,000) in 5 years. What should be the size of the owners'
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A business must raise \(\$ 70,000\) in 5 years. What should be the size of the owners' quarterly payment to a sinking fund paying \(3 \%\) compounded quarterly?
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A sinking fund is a fund into which regular payments are made so that future obligations can be met ...View the full answer
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