Question
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
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. $17,121 to be accumulated in 3 years; quarterly payments of $1300
What is the amount in the account after 10 years?
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
