Tuesday
April 21, 2015

Homework Help: Math

Posted by Anonymous on Monday, November 14, 2011 at 12:46pm.

Jeff Associates borrowed $30,000. The company plans to set up a sinking fund that will repay the loan at the end of 8 years. Assume a 12 % interest rate compounded semiannually. What must Jeff pay into the fund each period of time?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Jeff Associates borrowed $30,000. The company plans to set up a sinking ...
Finance - Lance Industries borrowed $130,000. The company plans to set up a ...
Finance - Loans problem please help - A company borrows $170000, which will be ...
Please Help me with a Finance - Loan problem - A company borrows $170000, which ...
Finance - Loans problem - Reiny the answer 307.33 you posted at the bottom is ...
Finance - Loans problem - A company borrows $170000, which will be paid back to ...
Finance - Loans problem - Can someone please explain how this problem is laid ...
Business Finance - In 9 years, Rollo Company will have to repay a $100,000 loan...
math for busness and finance - what sinking fund payment would be required at ...
Math Finance - Word problem asks to find rate of interest on a monthly deposit ...

Members