OPG Is Required to Create a Sinking Fund of $8

question 17

Essay

OPG is required to create a sinking fund of $8.1 billion 80 years from the start of the plant by making equal deposits at the end of every month throughout the 50 years life of the Pickering plant.If the interest is compounded 7.2% monthly,what is the accumulated value at the end of the mid-life of the plant (after 25 years)?

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