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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 101
Turnberry Manufacturing has determined that it will need $500,000 in 8 years for a new roof on its southeastern regional warehouse. A sinking funds is established for the roof at 3.4% compounded semiannually. What equal payments required every 6 months to accumulate the needed funds for the roof
Explanation
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To calculate sinking fund, use the formu...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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