a company has established a sinking fund to discharge a debt of 400,000 in FIVE...
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Finance
a company has established a sinking fund to discharge a debt of 400,000 in FIVE years. If the deposits are placed equally at the end of each quarter in an account with an interest rate 4%, compounded quarterly, what is the size of each deposit (each payment)? Also, calculate the total amount of payments?
Ans. Each Deposit
Ans. Total Amount of payments
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