Question
A corporation creates a sinking fund in order to have $840,000 to replace some machinery in 11 years. How much should be placed in this
A corporation creates a sinking fund in order to have $840,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each week if the annual interest rate is 7.9% compounded weekly? (Round your answers to the nearest cent.) How much interest would they earn over the life of the account?
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Healthcare Finance Modern Financial Analysis For Accelerating Biomedical Innovation
Authors: Andrew W. Lo, Shomesh E. Chaudhuri
1st Edition
0691183821, 978-0691183824
