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viva902 viva902
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A year ago
Complete the partial sinking fund schedule (including the book value of the debt) showing the details of the first two and the last two payments. The rate of return is 7% compounded semiannually and the term is 10 years. Round the sinking fund payments and periodic interest earnings to the nearest dollar.

PMT #PMT ($) (at end)Interest ($)Increase in Fund ($)Balance in Fund ($)Book Value ($)
0---010,000,000
1
212,376365,987719,5989,280,402
18---1,336,640
19
20326,207679,81810,000,007(7)
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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sania24sania24
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A year ago
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