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lilricemunch lilricemunch
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10 months ago
A company established a sinking fund account to accumulate $600,000 in five years. Payments are made at the beginning of each month and the account pays 5.25% compounded quarterly. How much interest does the account earn over the five years?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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john a.john a.
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10 months ago
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lilricemunch Author
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10 months ago
Good timing, thanks!
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This site is awesome
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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