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tunisia81 tunisia81
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9 months ago
A company wants to accumulate $1,000,000 in the next four years for plant expansion. They have set up a sinking fund account to which semiannual deposits will be made at 4.75% compounded semiannually. To the nearest dollar, what should be the size of the semiannual payments?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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prospectjayprospectjay
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tunisia81 Author
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9 months ago
You make an excellent tutor!
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Good timing, thanks!
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