Question
A sinking fund is established to discharge a debt of $60,000 in 25 years if deposits are made at the end of each six month.
A sinking fund is established to discharge a debt of $60,000 in 25 years if deposits are made at the end of each six month. And interest is paid at the rate of 9% compounded semi annually what is the amount of each deposit
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Investments Analysis And Management
Authors: Charles P. Jones, Gerald R. Jensen
14th Edition
1119578078, 978-1119578079
