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A company borrowed $ 67,000. The company plans to set up a sinking fund that will pay back the loan at the end of 8
A company borrowed $ 67,000. The company plans to set up a sinking fund that will pay back the loan at the end of 8 years. Assuming a rate of 6% compounded semiannually, find the Sinking Fund of the ordinary annuity.
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
