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To provide for the automation of a production process in four years, Great Brewing is starting a ...

To provide for the automation of a production process in four years, Great Brewing is starting a sinking fund to accumulate $400,000 by the end of the five years. Round the sinking fund payments to the nearest dollar. If the sinking fund earns 7.5% compounded monthly, what monthly payments starting today should be made to the fund? If Great Brewing raise $90,000 by issuing new shares immediately, by how much can they lower their sinking fund payments, assuming all else remains constant.

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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Neurosciencie Author

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Brilliant ツ

mkyoungs

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Thank you, thank you, thank you!

avance37

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Thanks for your help!!

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