Question
A corporation starts making monthly payments into a sinking fund in order to have $262,000 in 8 years, assuming an annual interest rate of 2.3%
A corporation starts making monthly payments into a sinking fund in order to have $262,000 in 8 years, assuming an annual interest rate of 2.3% compounded monthly. How much interest will be earned over the life of the fund? (Enter an answer correct to the nearest cent.).
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
