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please answer on paper Nadhira is the owner of Naddy's Clothing Store. She is planning to start a sinking fund for her to pay off
please answer on paper
Nadhira is the owner of Naddy's Clothing Store. She is planning to start a sinking fund for her to pay off a debt amounting RM140,000 in 4 years. a. Find the required quarterly payment into the sinking fund if the fund is invested in an account earning 8% per year compounded quarterly. [5 marks] b. Develop a sinking fund schedule for the sinking fund. [15 marks]Step by Step Solution
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