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Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments as given. Accumulate $155,000, monthly payments of $500
Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments as given.
Accumulate $155,000, monthly payments of $500 over 16 years.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
