The owner of bainbridge cattle sets up a sinking fund to, Ask an Expert

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The owner of Bainbridge cattle sets up a sinking fund to accumulate 1800000 needed in 3 years to purchase land and construct a cattle feed lot. find (a)the amount of each end-of-6-month payment assuming 7% compounded semi-annually and (b) the total amount interest earned.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92416777

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