Solution-Quarter in a sinking fund earning

Quarter in a sinking fund earning

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If inflation holds at 5.2% per year for 5 years, what will be the cost in 5 years of a car that costs $16,000 today? How much will you need to deposit each quarter in a sinking fund earning 8.7% per year to purchase the new car in 5 years?

Reference no: EM131074885

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Quarter in a sinking fund earning : If inflation holds at 5.2% per year for 5 years, what will be the cost in 5 years of a car that costs $16,000 today? How much will you need to deposit each quarter in a sinking fund earning 8.7% per year to purchase the new car in 5 years?

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Quarter in a sinking fund earning

Reference no: EM131074885

Reference no: EM131074885

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