Sebastopol Movie Theater will need $180,000 in 3 years to replace the seats. What deposit should be made today in an account that pays 0.8% compounded semiannually? (a) State the type. A. sinking fund...


Sebastopol Movie Theater will need $180,000 in 3 years to replace the seats. What deposit should be made today in an account that pays 0.8% compounded semiannually?


(a) State the type.

A. sinking fund B. present value    C. ordinary annuity D. amortization E. present value of an annuity


(b) Answer the question. (Round your answer to the nearest cent.)


Jun 02, 2022
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