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An engineering company expects to expand its plant facilities in 9 years at an estimated cost of $65,000. To provide for the expansion, a
An engineering company expects to expand its plant facilities in 9 years at an estimated cost of $65,000. To provide for the expansion, a sinking fund has been established in Interest is 6% compounded quarterly (a) What is the size of the quarterly payment? B) How much of the maturity value will be payments? (c) How much interest wis the fund contain? at the end of every 3 months (a) The size of the periodic payment is (Round the final answer to the nearest cent as needed Round all infarmediate values to six decimal places as needed)
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