Business, 25.10.2021 14:00 codycoker4200
A business sets up a sinking fund so they will have a $72,000.00 to pay for a replacement plece of
equipment in 7 years when the current equipment will be sold for scrap. If they make deposits at
the end of every 2 months for 7 years in the investment that pays 5.4% compounded every 2
months, what size should each payment be?
The every 2 months payments are $
(Round to 2 decimal places.)
Answers: 2
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A business sets up a sinking fund so they will have a $72,000.00 to pay for a replacement plece of...
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