
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A business must raise $50,000 in 9 years. What should be the size of the owners' quarterly payment to a sinking fund paying 4%
compounded quarterly? (Round your answer to the nearest cent.)
2$
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