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Question 1 A company borrowed $ 74,500. The company plans to set up a sinking fund that will pay back the loan at the end
Question 1
- A company borrowed $ 74,500. The company plans to set up a sinking fund that will pay back the loan at the end of 6 years. Assuming a rate of 6% compounded semiannually, find the Sinking Fund of the ordinary annuity.
- An employee decided to invest $ 1,960 quarterly for eight years in an ordinary annuity at 20%. What is the total cash value of the annuity at end of year 8?
- What must YOU invest today to receive an annuity of $ 3,800 for 12 years compounded at 8% quarterly when all withdrawals will be made at the end of each period?
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Practitioners Guide To Business Impact Analysis Internal Audit And IT Audit
Authors: Priti Sikdar
1st Edition
036756792X, 978-0367567927
