Essay
OPG is required to create a sinking fund of $8.1 billion 80 years from the start of the plant by making equal deposits at the end of every month throughout the 50 years life of the Pickering plant.If the interest is compounded 7.2% monthly,how much of the fund is interest?
Correct Answer:
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= = $8.1 × = $0.94 billion 0.94...View Answer
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Correct Answer:
Verified
= = $8.1 × = $0.94 billion 0.94...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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