Question

The cost of replacing part of a cell phone video chip production line in 6 years is estimated to be $500,000. At an interest rate of 14% per year, compounded semiannually, the uniform amount that must be deposited into a sinking fund every 6 months is closest to: (a) $21,335 (b) $24,825 (c) $27,950 (d) $97,995

Answer 1

Answer:

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