Question
A company estimates that it will need $147,000 in 7years to replace a computer. If it establishes a sinking fund by making fixed monthly payments
A company estimates that it will need $147,000 in 7years 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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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
