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8. You expect to have to make a capital improvement expenditure of $50,000-in a property in only set aside at most $800 at the end

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8. You expect to have to make a capital improvement expenditure of $50,000-in a property in only set aside at most $800 at the end of each month in a rs. If you can sinking fund, and the annual interest in the sinking Eund is - 684-thenhow many months in advance ofthe 5-year-horizon a) 35 months. b) 45 months. must you begin saving the money? 55 months Starting now (60 months in advance) is already too late

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