Lance industries borrowed 130000 the company plans to set
Lance Industries borrowed $130,000. The company plans to set up a sinking fund that will repay the loan at the end of 18 years. Assume a 6% interest rate compounded semiannually. What amount must Lance Industries pay into the fund each period?
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lance industries borrowed 130000 the company plans to set up a sinking fund that will repay the loan at the end of 18
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