joyarita joyarita

27-10-2022
Mathematics

Answered

[5+5] 5. A company establishes a sinking fund for plant retooling in 6 years at an estimated
cost of $850,000.
(A) How much should be invested
compounded semiannually?
(B) How much interest will the account earn in the 6 years?
d semiannually in
Cou
y into an account paying 8.76%

Answer :

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