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Unformatted text preview: – p. 5/ 9 Example SF-2 • The city of Waterloo borrows $1,000,000 to build a rink. They pay interest at i (2) = 6% . The debt will be redeemed for $1,000,000 in 10 years. What semi-annual sinking fund deposit will accumulate $1,000,000 in 10 years at i (2) = 6% ? Find the total semi-annual cost to the city. C. Weng ([email protected]) – p. 7/ 9...
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This note was uploaded on 01/21/2011 for the course ACTSC 231 taught by Professor Chisholm during the Fall '09 term at Waterloo.
- Fall '09