A company wants to set up a GINKir fund to pay a loan of years. If the sinking 15 an annual interest rate of 70, how muon should the company deposit into the sinking fund each year?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
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why all of you solving using assumptions data i will give unhelpful all of you.

A company wants to set up a GINKir
fund to pay a loan of
years. If the sinking
15
an
annual interest rate of 70, how
muon should the company deposit
into the sinking fund each year?
Transcribed Image Text:A company wants to set up a GINKir fund to pay a loan of years. If the sinking 15 an annual interest rate of 70, how muon should the company deposit into the sinking fund each year?
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