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A medical center needs $822,000 in 5 years for a new lab and equipment. (a) Find the amount of each payment if payments are
A medical center needs $822,000 in 5 years for a new lab and equipment. (a) Find the amount of each payment if payments are made into a sinking fund at the end of each semiannual period with interest at 3% per year compounded semiannually. (b) Find the total amount of interest earned. Click here to view page 1 of the sinking fund table. Click here to view page 2 of the sinking fund table.
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
