Question
Find the amount that needs to be invested if the investors want to receive an annual net income worth 5,400,000 for 7 years. Use Hoskold's
Find the amount that needs to be invested if the investors want to receive an annual net income worth 5,400,000 for 7 years. Use Hoskold's Formula to compute the price if the money is worth 8% on a sinking fund and the yield of interest is 5%.
Price =
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
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