Answered: you started making sinking fund deposit…

you started making sinking fund deposit of 20000 today. its bank pays 6% compounded semi-annually and the payments will be made every six months fir 20 years. what will the fund ve worth at the time?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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you started making sinking fund deposit of 20000 today. its bank pays 6% compounded semi-annually and the payments will be made every six months fir 20 years. what will the fund ve worth at the time?

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