1. A construction equipment with no salvage is to be replaced at the end of 12years from now at a cost of 800,000. To prepare for this, a fund is created which a regular deposit at the end of every 6 months. If the fund earns 15% compounded semi-annually, how much should the deposit be? a. 11,840.06 b.12,840.06 c.13,840.06 d.14,840.06

1. A construction equipment with no salvage is to be replaced at the end of 12years from now at a cost of 800,000. To prepare for this, a fund is created which a regular deposit at the end of every 6 months. If the fund earns 15% compounded semi-annually, how much should the deposit be? a. 11,840.06 b.12,840.06 c.13,840.06 d.14,840.06

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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