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book Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman cover

Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

النسخة 7الرقم المعياري الدولي: 978-1285448596
book Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman cover

Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

النسخة 7الرقم المعياري الدولي: 978-1285448596
تمرين 41
A sinking fund is established by Alliance Industries at 8% interest compounded semiannually to meet a financial obligation of $1,800,000 in 4 years.
a. What periodic sinking fund payment is required every 6 months to reach the company's goal?
b. How much greater would the payment be if the interest rate was 6% compounded semiannually rather than 8%?
التوضيح
موثّق
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Calculate the amount of a sinking fund p...

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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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