Question
22 (1 point) A company has a debt of $10,000,000 due in 10 years. How much money must it deposit at the end of each
22 (1 point) A company has a debt of $10,000,000 due in 10 years. How much money must it deposit at the end of each quarter into a sinking fund at 8% interest compounded quarterly in order to pay off the debt? (sinking fund is just a saving account; two decimal places for the answer) $169,633.02 None of these options $170,382.66 $173,452.34 $165,557.48 $180,731.45
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
4th Edition
0135232872, 978-0135232873
