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Please do number 7 The following is a sinking fund schedule for a loan of $3000 repaid over four years with an annual effective interest
Please do number 7
The following is a sinking fund schedule for a loan of $3000 repaid over four years with an annual effective interest rate of 4%. 5) ( 8pts) What is the value of A ? A) $9.26 B) $14.77 C) $19.30 D) $24.18 E) $28.26 6) ( 8pts) What is the value of B ? A) $1441.20 B) $1578.66 C) $1665.82 D) $1815.21 E) $2004.38 7) ( 8pts) What is the value of C? A) $1481.90 B) $1615.32 C) $1739.54 D) $1833.06 E) $1972.53 8) ( 8pts) What is the value of D ? A) $36.92 B) $48.43 C) $57.65 D) $70.16 E) $82.25Step by Step Solution
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