Solve the following exercises by using tables. A sinking fund is established by Alliance
Chapter 0, Problem 18(choose chapter or problem)
Solve the following exercises by using tables. A sinking fund is established by Alliance Industries at 8% interest compounded semiannually to meet a financial obligation of $1,800,000 in 4 years. a. What periodic sinking fund payment is required every 6 months to reach the companys goal?b. How much greater would the payment be if the interest rate was 6% compounded semiannually rather than 8%?
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