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A 6,000 loan is to be repaid at the end of 45 years by the sinking fund method. Interest charged is 10% compounded semiannually. The
A 6,000 loan is to be repaid at the end of 45 years by the sinking fund method. Interest charged is 10% compounded semiannually. The debtor establishes a sinking fund that earns 12% interest compounded semiannually. What is the book value at the end of the 8th period? (a) 832.20 (b) 822.13 (c) 811.97 (d) 218.52
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