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Title: Block Associates borrowed $75,000. The company plans to set up a sinking fund that will repay the ...
Post by: cc84sc on Jan 22, 2024

Block Associates borrowed $75,000. The company plans to set up a sinking fund that will repay the loan after 15 years. Assume an 8% interest rate compounded semiannually. What must Block Associates pay into the fund each period? Verify your result.

Note: Round your answer to the nearest cent.



Title: Re: Block Associates borrowed $75,000. The company plans to set up a sinking fund that will repay the ...
Post by: navgil on Jan 22, 2024
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