# math for busness and finance

what sinking fund payment would be required at the end of each six-month period, at 12% interest compounded semiannually, in order to amount to \$40,000 within four years?

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1. Paym(1.06^8 - 1)/.06 =40000
payment = 4000(.06)/(1.06^8 - 1)
= \$ 4041.44

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posted by Reiny
2. A sporting goods store recorded net sales of \$526,200 for the year. The store's beginning inventory at retail was \$232,100 and its ending inventory at retail was \$215,100, what would be the inventory turnover at retail, rounded to the nearest tenth?

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posted by chuddy

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