A business sets up a sinking fund so they will have a $56,000.00 to pay for a replacement piece of equipment in 11 years when the current equipment will be sold for scrap. If they make deposits at the end of every 2 months for 11 years in the investment that pays 5.1% compounded every 2 months, what size should each payment be? If needed, round to 2 decimal places.The every 2 months payments are $

asked by guest
on Nov 25, 2024 at 5:31 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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