Question
Need help with the following question. ASAP. A freight-hauling firm estimates that it will need a new forklift in six years. The estimated cost of
Need help with the following question. ASAP.
A freight-hauling firm estimates that it will need a new forklift in six years. The estimated cost of the vehicle is $40,000. The company sets up a sinking fund that pays 8% compounded semiannually, into which it will make semiannual payments to achieve the goal. Calculate the size of the payments.
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
