Question
Assume that you wish to save $1,800 in a sinking fund in 2 years. The account pays 6% compounded quarterly and you will also make
Assume that you wish to save $1,800 in a sinking fund in 2 years. The account pays 6% compounded quarterly and you will also make payments quarterly. What should be your quarterly payment? How many payments are you making in the 2 years?
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
