- Economics 17 The Following Schedule Of Funds Is Available To Form A Sinking Fund 1 Yr 2 Yr 13 Y T 0 Yr 5000 400 1 (142.39 KiB) Viewed 54 times
ECONOMICS-17 The following schedule of funds is available to form a sinking fund. [ 1 yr 2 yr 13 y. t = 0) yr $5000 $400
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ECONOMICS-17 The following schedule of funds is available to form a sinking fund. [ 1 yr 2 yr 13 y. t = 0) yr $5000 $400
ECONOMICS-17 The following schedule of funds is available to form a sinking fund. [ 1 yr 2 yr 13 y. t = 0) yr $5000 $4000 + $3000 $2000 At the end of the fourth year, equipment costing $25,000 will have to be pur- chased as a replacement for old equipment. Money is valued at 20% by the company. At the time of purchase, how much money will be needed? (A) $820 (B) $1000 (C) $2000 (D) $8200