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A sinking fund earning interest at j2 = 6% now contains $10 000. a) What quarterly equal...

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Finance

A sinking fund earning interest at j2 = 6% nowcontains $10 000.

a) What quarterly equal deposits for the next 5 years will causethe sinking fund to grow to $20 000?

b) Within these 5 years from now, how much is in the sinkingfund at the end of 4 years?

Answer & Explanation Solved by verified expert
3.6 Ratings (605 Votes)
J26 Interest is compounded halfyearly Interest for half year623003 Quarterly interest rate r 1r21003103 1r10312 1014889 Quarterly Interest r001488914889 Future Value of current 10000 after 5    See Answer
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