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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
النسخة 7الرقم المعياري الدولي: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
النسخة 7الرقم المعياري الدولي: 978-1285448596 تمرين 126
Amortization payment
Turnberry Manufacturing has determined that it will need $500,000 in 8 years for a new roof on its southeastern regional warehouse. A sinking fund is established for the roof at 3.4% compounded semiannually. What equal payments are required every 6 months to accumulate the needed funds for the roof?
Turnberry Manufacturing has determined that it will need $500,000 in 8 years for a new roof on its southeastern regional warehouse. A sinking fund is established for the roof at 3.4% compounded semiannually. What equal payments are required every 6 months to accumulate the needed funds for the roof?
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موثّق
To calculate sinking fund, use the formu...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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