Question
A Firm needs to replace most of its machinery in five years at a cost of $500,000. The company wishes to create a sinking fund
A Firm needs to replace most of its machinery in five years at a cost of $500,000. The company wishes to create a sinking fund to have this money available in five years. How much should the quarterly deposits be if the fund earns 8%? Use MS-Excel to illustrate the accumulation of funds over the five year period.
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Im A Auditor If You Dont Want A Sarcastic Answer Dont Ask A Stupid Question
Authors: Tim Hansen
1st Edition
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