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a b C d e Sinking Fund Payment Payment Period every 6 months every year every 3 months every month every 3 months Time Period 6 years 8 years 4.25 years 3½ years 8 years Nominal Rate 12.5% 5.9% 11.1% 6% 8% Interest Compounded semi-annually annually quarterly monthly quarterly Future Value 670,000 5,521,000 66,790 88,000 530,000

a b C d e Sinking Fund Payment Payment Period every 6 months every year every 3 months every month every 3 months Time Period 6 years 8 years 4.25 years 3½ years 8 years Nominal Rate 12.5% 5.9% 11.1% 6% 8% Interest Compounded semi-annually annually quarterly monthly quarterly Future Value 670,000 5,521,000 66,790 88,000 530,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Find the sinking fund payment
a b C d e Sinking Fund Payment Payment Period every 6 months every year every 3 months every month every 3 months Time Period 6 years 8 years 4.25 years 3½ years 8 years Nominal Rate 12.5% 5.9% 11.1% 6% 8% Interest Compounded semi-annually annually quarterly monthly quarterly Future Value 670,000 5,521,000 66,790 88,000 530,000
Transcribed Image Text:a b C d e Sinking Fund Payment Payment Period every 6 months every year every 3 months every month every 3 months Time Period 6 years 8 years 4.25 years 3½ years 8 years Nominal Rate 12.5% 5.9% 11.1% 6% 8% Interest Compounded semi-annually annually quarterly monthly quarterly Future Value 670,000 5,521,000 66,790 88,000 530,000
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