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August 27, 2014

Homework Help: business math

Posted by Valerie on Friday, January 14, 2011 at 7:30pm.

I'm trying to solve this problem: What sinking fund payment would be required at the end of each three-month period, at 8% interest compounded quarterly, in order to amount to 20,000. I just need to know how to work the problem correctly.

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