A sinking fund is establsihed by working couple so that, Ask an Expert

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A sinking fund is establsihed by working couple so that they will have $20000 to pay for part of thier daugter education when she enters college. They make deposits at the end of each 3-month period for 10 years and if interest is paid at 12% coumpunded quarterly what size depostis must they make?

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Category:- Basic Finance
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