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Unformatted text preview: Total EXAMPLES 2.) A father wishes to have P10,000 in 5 yrs. He sets up a sinking fund every 3 mos.
in a bank that 12% interest converted quarterly. A.) Find his quarterly sinking fund
deposit. B.) Find the interest earned in the 10th quarter. C.) Find the fund increase on
the 8th deposit. D.) Set up a Sinking Fund table until the 10th deposit.
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This document was uploaded on 02/26/2014.
- Spring '14