(d) Gabrielle needs $200,000 in eight years. She has set up a sinking fund that earns 5% compounded monthly in order to have the amount in eight years? (1) How much should she deposit each month? (ii)...

(d) Gabrielle needs $200,000 in eight years. She has set up a sinking fund that earns 5% compounded<br>monthly in order to have the amount in eight years?<br>(1) How much should she deposit each month?<br>(ii) How much interest is earned over the period?<br>

Extracted text: (d) Gabrielle needs $200,000 in eight years. She has set up a sinking fund that earns 5% compounded monthly in order to have the amount in eight years? (1) How much should she deposit each month? (ii) How much interest is earned over the period?

Jun 05, 2022

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(d) Gabrielle needs $200,000 in eight years. She has set up a sinking fund that earns 5% compounded monthly in order to have the amount in eight years? (1) How much should she deposit each month? (ii)...

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