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Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.) Sinking fund payment (in $) Sinking Fund Payment Payment
Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)
| Sinking Fund Payment | Payment Frequency | Time Period (years) | Nominal Rate (%) | Interest Compounded | Future Value (Objective) |
|---|---|---|---|---|---|
| $ | every 3 months | 4 | 6.0 | quarterly | $6,000 |
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Mathematical Finance Core Theory Problems And Statistical Algorithms
Authors: Nikolai Dokuchaev
1st Edition
0415414482, 978-0415414487
