Question
Equal deposits will be made to a sinking (investment) fund at the end of each year for eight years. The sinking fund will earn 10%
Equal deposits will be made to a sinking (investment) fund at the end of each year for eight years. The sinking fund will earn 10% compounded annually, and the maturity value of the fund after eight years must be $50,000. What must be the annual deposit to the sinking fund? What will be the sinking fund's balance just after the fifth deposit?
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
