Mathematics, 23.07.2021 22:30 trinityparrish47

Delaware Corporation sets up a sinking fund for getting a lump sum. It has borrowed $50,000 for the business at 8% interest. The amount has to be repaid at the end of the fifth year. The sinking fund may earn an interest at 6% compounded monthly. What is the total amount to be invested including the interest payment?

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Delaware Corporation sets up a sinking fund for getting a lump sum. It has borrowed $50,000 for the...

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