Copernicus borrows l and repays the principal by making ten
Copernicus borrows $L and repays the principal by making ten annual payments at the end of the year into a sinking fund which earns an annual effective rate of 8%. The interest earned on the sinking fund in the third year is $85.57. Determine L
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ron borrows 20000 for 20 years at an annual rate of interest of 10 convertible semi-annually he repays 500 in interest
copernicus borrows l and repays the principal by making ten annual payments at the end of the year into a sinking fund
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show that the borrowerrsquos periodic outlay for a standard sinking fund method repayment at rate j is larger than the
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