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Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the
Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $16,854 to be accumulated in 4 years; quarterly payments of $925. The interest rate needed is approximately %. (Type an integer or decimal rounded to two decimal places as needed.)
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Introduction To Management Science
Authors: Bernard W. Taylor
12th Edition
1292092912, 9781292092911
