Your company wants to set aside a fixed amount every year to

Last updated: 1/15/2024

Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equip costing 248 000 at the end of three years from now The sinking fund is expected to earn 4 interest How much your company deposit each year to meet this goal Click the icon to view the interest factors for discrete compounding when i 4 per year Your company nust deposit each year to meet this goal Round to the nearest dollar