Business, 29.01.2020 02:47 iliketurtures

Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $250,000 at the end of five years from now. the sinking fund is expected to earn 5% interest. how much must your company deposit each year to meet this goal?

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Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of in...