Top Posters
Since Sunday
G
4
K
3
o
3
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
cc84sc cc84sc
wrote...
Go to Answer
Posts: 142
Rep: 0 0
6 months ago

Block Associates borrowed $75,000. The company plans to set up a sinking fund that will repay the loan after 15 years. Assume an 8% interest rate compounded semiannually. What must Block Associates pay into the fund each period? Verify your result.

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
Read 51 times
1 Reply
Replies
Answer verified by a subject expert
navgilnavgil
wrote...
#1
Posts: 135
Rep: 0 0
6 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

cc84sc Author
wrote...

6 months ago
Helped a lot
rene_ram97
wrote...

Yesterday
Just got PERFECT on my quiz
Marctheshark
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1044 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 323
  
 222
  
 371
Your Opinion
What's your favorite coffee beverage?
Votes: 302
Previous poll results: Which 'study break' activity do you find most distracting?