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In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. find
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.
find the amount of time needed for the sinking fund to reach the given accumulated amount. Round your answer to two decimal places.
$285 monthly at 5.7% to accumulate $25,000
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
8th Edition
0030182689, 978-0030182686
