Question
A company estimates that it will need $138,000 in 11 years to replace a computer. If it establishes a sinking fund by making fixed monthly
A company estimates that it will need $138,000 in 11 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 5.1 % compounded monthly, how much should each payment be?
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
