lordofdragons073 lordofdragons073

06-12-2022
Mathematics

contestada

Lee Associates borrowed $60,000. The company plans to set up a sinking fund that will pay back the loan at the end of 12 years. Assuming a rate of 8% compounded semiannually, the amount to be paid into the fund each period is):
Multiple Choice
$1,350
$1,535.21
$1,653
$5,163

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