Top Posters
Since Sunday
New Topic  
rventurec rventurec
wrote...
Posts: 151
Rep: 0 0
A year ago
Complete the sinking fund schedule below. The rate of return is 7% compounded semiannually. Round the periodic interest earnings to the nearest dollar.

PMT #PMT ($) (at end)Interest ($)Increase in Fund ($)Balance in Fund ($)
0---0
1122,135
2122,1354275126,410248,545
3122,1358699130,834379,379
4122,13513,278135,413514,792
5122,135
6122,13522,923145,058800,003
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 44 times
1 Reply
Replies
Answer verified by a subject expert
hamusa4hamusa4
wrote...
Posts: 132
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

rventurec Author
wrote...

A year ago
You make an excellent tutor!
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1217 People Browsing
Related Images
  
 372
  
 271
  
 363
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 300