Calculate the size of payments

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Reference no: EM13819554

If a freight-hauling firm estimates it will need a new forklift in six years. the estimated cost of the vehicle is $40,000. The company sets up a sinking fund that pays 8% compounded semi annually, into which it will make semi annual payments to achieve the goal. Calculate the size of payments

Reference no: EM13819554

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Calculate the size of payments : If a freight-hauling firm estimates it will need a new forklift in six years. the estimated cost of the vehicle is $40,000. The company sets up a sinking fund that pays 8% compounded semi annually, into which it will make semi annual payments to achi..

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