Question
Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time t
Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time t in years are given below. Interest is compounded monthly. A=$6,000; r=5.5%; t=5
What is R=$?
Rounded to the nearest cent?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
