Question
A company establishes a sinking fund to pay off a debt of $200000 due in 12 years. The sinking fund will earn 8% compounded weekly.
A company establishes a sinking fund to pay off a debt of $200000 due in 12 years. The sinking fund will earn 8% compounded weekly. Find the amount of the weekly deposits into the fund. Give your answer in complete steps.
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
6th Edition
0131986430, 9780131986435
