Mathematics, 06.04.2020 00:16 mahmudabiazp3ekot
Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. (Note. A sinking fund is an account created to fund a future expense. It's like a savings account) $14,105 to be accumulated in 3 years; quarterly payments of $1075.
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Find the interest rate needed for the sinking fund to reach the required amount. Assume that the com...
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