Question
You created a foundation and raised $55000 that you want to distribute to a school over the next 5 years. If the interest rate is
You created a foundation and raised $55000 that you want to distribute to a school over the next 5 years. If the interest rate is 6%, what amount would you be giving to the school at the end of each month over the next 5 years?
| 1063.30 | ||
| 1058.01 | ||
| 2110.05 | ||
| None of the other 3 answers |
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
