Business, 14.12.2019 03:31 mamieengler
The management of gibraltar brokerage services anticipates a capital expenditure of $23,000 in 3 years for the purchase of new computers and has decided to set up a sinking fund to finance this purchase.
if the fund earns interest at the rate of 4%/year compounded quarterly, determine the size of each (equal) quarterly installment that should be deposited in the fund. (round your answer to the nearest cent.)
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The management of gibraltar brokerage services anticipates a capital expenditure of $23,000 in 3 yea...
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