Find the amount of periodic payment necessary for each deposit to a sinking fund in Problems 35-46.
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Find the amount of periodic payment necessary for each deposit to a sinking fund in Problems 35-46.
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Amount Needed Frequency n A 41. $500,000 quarterly Rate r 8% Time t 10 yr
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To find the periodic payment necessary for each deposit into a sinking fund we can use the formula f...View the full answer
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