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{"ops":[{"insert":"NTT Company purchased a delivery truck on credit from AMCE which requires a payment of Br. 400, 000 plus 5% interest compounded annually at the end of 5 years. The Company plans to set up a sinking fund to accumulate the amount required to settle the debt. "},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"Required:"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"find the total debt at the end of the 5 year."},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"what should be the monthly deposit into the fund be if the account pays 15% interest, compounded monthly?"},{"insert":"\n"}]}
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