Wednesday
April 23, 2014

Homework Help: Finance

Posted by D Johnson on Sunday, May 5, 2013 at 12:03am.

Lance Industries borrowed $130,000. The company plans to set up a sinking fund that will repay the loan at the end of 18 years. Assume a 6% interest rate compounded semiannually. What amount must Lance Industries pay into the fund each period? Check your answer by Table 13.1

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