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

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Gink
15
A company wants to set up
fund to pay a loan of
years. If the sinking fes an
annual interest rate of 70, how
muon should the company deposit
into the sinking fund each year?
Transcribed Image Text:Gink 15 A company wants to set up fund to pay a loan of years. If the sinking fes an annual interest rate of 70, how muon should the company deposit into the sinking fund each year?
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