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13. [-70.71 Points] DETAILS BRECMBC9 12.111.018.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Tara wishes to accumulate $27,000 in 5 years. Use the appropriate formula
13. [-70.71 Points] DETAILS BRECMBC9 12.111.018.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Tara wishes to accumulate $27,000 in 5 years. Use the appropriate formula to find the sinking fund payment (in $) she would need to make at the end of each six months, at 4% interest compounded semiannually. (Round your answer to the nearest cent.) $ Need Help? Read It Watch It Master It 14. [-70.77 Points] DETAILS BRECMBC9 12.111.021.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Use the appropriate formula to find the amortization payment (in $) you would need to make each month, at 12% interest compounded monthly, to pay off a loan of $4,500 in 5 years. (Round your answer to the nearest cent.) $ Need Help? Read It Watch It Master It
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