Answered: Find the amount of a perodic payment…

Find the amount of a perodic payment necessary fur the deposit of a sinking fund. Amount needed a = 60000 Frequency n = semi-annual Rate r = 2% Time t = 10 years

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter14: Multinational Capital Budgeting

Section: Chapter Questions

Problem 1IEE

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Question

Find the amount of a perodic payment necessary fur the deposit of a sinking fund.

Amount needed a = 60000

Frequency n = semi-annual

Rate r = 2%

Time t = 10 years

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