Question
Jeff Associates needs to repay $25,000. The company plans to set up a sinking fund that will repay the loan at the end of 7
Jeff Associates needs to repay $25,000. The company plans to set up a sinking fund that will repay the loan at the end of 7 years. Assume a 12% interest rate compounded semiannually. What must Jeff pay into the fund each period of time?
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Dividend Investing Playbook
Authors: Aziz Anderson
1st Edition
1089587228, 978-1089587224
