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Business, 20.12.2019 20:31 kitttimothy55

To pay off $50,000,000 worth of new construction bonds when they come due in 18 years, a water municipality must deposit money into a sinking fund. payments to the fund will be made quarterly, starting three months from now. if the interest rate for the sinking fund is 9% compounded quarterly, how much will each deposit be?

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To pay off $50,000,000 worth of new construction bonds when they come due in 18 years, a water munic...

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