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Waterton Motel Made Equal Payments at the End of Every

Question 63

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Waterton Motel made equal payments at the end of every six months into a sinking fund for 11 years.If the fund had a balance of $100 000.00 after 11 years and interest is 5.4% compounded semi-annually,what was the accumulated balance in the fund after seven years?

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100000.00 = PMT blured image 100...

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