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Home Q & A Board Science-Related Homework Help Mathematics
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tacobeo tacobeo
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A year ago
Complete the sinking fund schedule below. The rate of return is 6.75% compounded annually. Round the periodic interest earnings to the nearest dollar.

PMT #PMT ($) (at beg)Interest ($)Increase in Fund ($)Balance in Fund ($)
0---0
1163,710
2163,71022,847186,557361,317
3163,71035,439199,149560,466
4163,710
5163,71063,232226,9421,000,000
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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gagan17gagan17
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A year ago
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