Create table showing interest credited to account
To accumulate $5,000, the individual makes 6 semiannual payments into the sinking fund which pays 6.2% interest compounded semi-annually. Create the table showing interest credited to account and balance of account at time of every payment.
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How large the endowment is required to cover capitalized cost & maintenance? Suppose that endowment will earn 6.2% interest.
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To accumulate $5,000, the individual makes 6 semiannual payments into the sinking fund which pays 6.2% interest compounded semi-annually.
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