Question
Brent wants to have a fund amounting to Php5,500,000 available after 10 years. He will set up a sinking fund that will require a fixed
Brent wants to have a fund amounting to Php5,500,000 available after 10 years. He will set up a sinking fund that will require a fixed regular monthly deposit. If the interest rate is 3.5% compounded monthly, calculate the amount of the monthly deposit that will be required.
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Sabotage The Business Of Finance
Authors: Ronen Palan
1st Edition
0141986247, 978-0141986241
