Multiple Choice
A $145,000 loan is repaid over 10 years using the sinking fund method.The sinking fund earns interest at j2 = 6%,while the interest rate on the loan is j2 = 8%.What is the semi-annual expense of debt?
A) $9,219.35
B) $11,196.28
C) $15,546.28
D) $18,448.43
Correct Answer:
Verified
Correct Answer:
Verified
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