Calculating the annual compound interest, Macroeconomics

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Calculating the annual compound interest

A 110,000 chemical plant had an estimated life of 6 years and a projected scrap value of 10000. After 3 years of operation an explosion made it a total loss. How much money would have to be raised to put up a new plant its 3 years of operation by; straight line method and sinking fund method @ 6% annual compound interest.

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Macroeconomics: Calculating the annual compound interest

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Macroeconomics: Calculating the annual compound interest

Reference No:- TGS060828

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Macroeconomics: Calculating the annual compound interest

Reference No:- TGS060828

Recent Questions Asked Macroeconomics

Q : Deficits and subsequent surpluses

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