Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 13 Oct 2017 My Price 3.00

Anderson-McKee Construction

3.22    Anderson-McKee Construction expects to invest

$835,000   for   heavy   equipment   replacement 2 years from now and another $1.1 million 4 years from now. How much must the company deposit into a sinking fund each month to provide for the purchases, if the fund earns a rate of return of 12% per year compounded monthly?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Oct 2017 12:10 PM My Price 3.00

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