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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 93
Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest cent. (See Examples 1-3.)
$125,000, money earns 6% compounded annually, 25 years___________
$125,000, money earns 6% compounded annually, 25 years___________
Explanation
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The following table is given, 
There are...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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