Post a New Question

Finance

posted by .

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

Answer This Question

First Name
School Subject
Your Answer

Related Questions

More Related Questions

Post a New Question