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Stein and Company has established a sinking fund bond of $ 8 2 0 0 0 to retire in 1 8 years. How much should
Stein and Company has established a sinking fund bond of $ to retire in years. How much should the monthly payment be if the account pays compounded monthly
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Part
Use a TVM Solver to answer the following questions.
Indicate the values used for each category, including and cash flow signs.
For the blanks, round to decimal places, but do NOT round within your TVM Solver.
n
enter your response here
i
enter your response here
PV
enter your response here
PMT
enter your response here
FV
enter your response here
PMT Type:
END
BGN
Now answer the following questions. Round answers to the nearest cent.
The sinking fund payment will be $
enter your response here.
Total payments into the bond will be $
enter your response here.
The bond will earn $
enter your response here interest after years.
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