Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 101

Turnberry Manufacturing has determined that it will need $500,000 in 8 years for a new roof on its southeastern regional warehouse. A sinking funds is established for the roof at 3.4% compounded semiannually. What equal payments required every 6 months to accumulate the needed funds for the roof