rafblanc rafblanc
  • 10-03-2021
  • Business
contestada

D
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% compöunded
semiannually, the amount to be paid into the fund each period is):

Respuesta :

krish9445 krish9445
  • 10-03-2021

Answer: $ 153698.2499

Explanation:

60000(1+0.08/2)^24=153798.2499

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