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Confirm my answer Question 4:(20 points) (A) A company borrowed $150,000. The company plans to set up a sinking fund that will pay back the
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Question 4:(20 points) (A) A company borrowed $150,000. The company plans to set up a sinking fund that will pay back the loan at the end of 10 years. Assuming a rate of 8% compounded semiannually, find the Sinking Fund of the ordinary annuity.(7 points) N=10*2=20 R=8% 24% TF=0.0336 Sinking fund annuity payment FV*tf = 0.0336*150,000=$5040 Step by Step Solution
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