D
Lee Associates borrowed $60,000. The company plans to set up a sinking fund that
will pay back the loan at the end of 12 years. Assuming a rate of 8% compöunded
semiannually, the amount to be paid into the fund each period is):

Answers

Answer 1

Answer: $ 153698.2499

Explanation:

60000(1+0.08/2)^24=153798.2499


Related Questions

Other Questions
If x represents the age of the father andy represents the present age of the son,then the statement for 'present age ofthe father is 5 more than 6 times theage of the son' in terms of amathematical equation is * Water, carbon dioxide, oxygen, and some other substances can pass through the cell membrane because...Group of answer choicesthey are organic.they are small and nonpolar.they are hydrophobic.they are polar. 38 divided by 8. Show ALL work for credit. NO WORK NO CREDIT:(( Why did the south have a advantage Of exporting during the civil war All professions have some health risks.True or False As a result of the actions of enslaved people during the Civil War, A. The Sanskrit language spreads to IndiaB. Women gain equal rights in IndiaC. Indian people began to worship to one god D. The Indian caste system is destroyed The ____________ party will offer tax cuts to middle-class familiesGroup of answer choicesCommunistSocialistRepublicanDemocratic Is there an app to download on your phone or online for FREE!!!! That can Proofread, Edit and Revise your fictional story??? If so what kind of apps plz Which historical event caused thousands of prospectors to come to Numa land? in The Girl Who Gave Voice to her People Help me answer this PLEASE! Write a division expression with a quotient that is: a. greater than 80.001 b. less than 80.001 c. between 80.001 and 8 1 10 Why did Japan work to modernize Korea between 1910 and 1945?Japan hoped to benefit itself.Japan hoped to restore democratic ideals.Japan hoped to assist the regional economy.Japan hoped to end its colonization of the peninsula. Tayler works at a bicycle shop. When he sells a bicycle, he earns 6% of the sale price as a commission One day Tayler sold 1 bicycle for $125 and 2 bicycles for $75 cach What was the total amount ocommission he earned?HELP...... MY BACK HURTS SO MUCH!!!!!!!! PLEASE HELP ASAP!!!! "What is Limit of h (x) as x approaches 10 plus?" which answer choice is equivalent to the expression (x+2)^2 - 6x+2?a. x^2 - 2x+8xb. x^2 - 2x+6c. x^2 - 6x+4d. -5x^2 +6 To carry a bag of 50kg rice at the distance of 4km a porter charges Rs.75. How much does theporter charge at the same rate to carry a bag of80kg rice to the distance of 10km?b. 500d. 700a. 400c. 600 Write as a single number. log464 + log536 Find the area of the deck