Essay
To redeem a $10 000.00 promissory note due in 12 years,SEJE has set up a sinking fund earning 8% compounded semi-annually.Equal deposits are made at the beginning of every six months.What is the size of the semi-annual deposits?
Correct Answer:
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10000.00 = PMT 
(1.0...View Answer
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Correct Answer:
Verified
10000.00 = PMT (1.0...
(1.0...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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