The cost of replacing part of a cell phone video chip production line in 6 years is estimated to be$500,000. At an interest rate of 14% per year, compounded semiannually, the uniform amount that mustbe deposited into a sinking fund every 6 months is closest to:(a) $21, 335(b) $24, 825(c) $27,950(d) $97,995(d) Any of the aboveabCde

Given A= $5,00,000 T=6 year R= 14 ( compounded semi annualy) n=6 month

Answered: The cost of replacing part of a cell…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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