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  3. find the interest rate needed for the sinking fund

Find the interest rate needed for the sinking fund to reach the required amount Assume...

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Basic Math

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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 16 854 to be accumulated in 4 years quarterly payments of 925 The interest rate needed is approximately Type an integer or decimal rounded to two decimal places as needed XTE

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