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Noah has started his business in Bukit Antarabangsa. However, he does not have enough cash to operate his business. Thus, the took three different loans
Noah has started his business in Bukit Antarabangsa. However, he does not have enough cash to operate his business. Thus, the took three different loans that amounted $650,000, from different banks after 3 years. He made out loans of $100,000, $200,000 and $350,000 respectively and need to be repaid within 3 years. He planned to put his funds into three different sinking funds accounts where the fund is invested in an account earning 8% per year compounded quarterly, 10% semi-annually and 12 compounded monthly respectively. As Noah is struggling to organize his sinking funds, propose the most appropriate sinking fund table for each loan with detailed explanations on each choices. Provide all possible computations in your answer. Noah has started his business in Bukit Antarabangsa. However, he does not have enough cash to operate his business. Thus, the took three different loans that amounted $650,000, from different banks after 3 years. He made out loans of $100,000, $200,000 and $350,000 respectively and need to be repaid within 3 years. He planned to put his funds into three different sinking funds accounts where the fund is invested in an account earning 8% per year compounded quarterly, 10% semi-annually and 12 compounded monthly respectively. As Noah is struggling to organize his sinking funds, propose the most appropriate sinking fund table for each loan with detailed explanations on each choices. Provide all possible computations in your
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