It 30000 if the fund earns 10 interest per year

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Unformatted text preview: 00 If the fund earns 10% interest per year compounded quarterly, determine the If 10% size of each (equal) quarterly installment the proprietor should pay into the size installment fund. fund. Solution: Given: F= 30,000, i = i/m = 0.1/4 = 0.025, and n = (2)(4) = 8. and Using the sinking fund payment formula we find that the required size of each Using sinking quarterly payment is given by quarterly A = $3434.02 size/ amount of each quarterly payment size/ EXAMPLES 2.) Find the amount to be deposited at the beginning of every 6 months for 5 years 2.) beginning to accumulate P600,000, if money is worth 9% compounded semi-annually. accumulate if 9...
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This document was uploaded on 02/26/2014.

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