6. [0/1 Points] MY NOTES 7. [0/1 Points] DETAILS Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Need Help? ASK YOUR TEACHER Amount Needed A $3,000,000 8. [0/1 Points] MY NOTES Need Help? Submit Answer DETAILS Read MY NOTES ASK YOUR TEACHER PREVIOUS ANSWERS SMITHNM13 11.5.040. 3/6 Submissions Used Need Help? Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Read It Amount Needed A $65,000 DETAILS Frequency Rate n r semiannually 7% PREVIOUS ANSWERS Read It Frequency Rate n r 1.1% quarterly Time t 22 yr SMITHNM13 11.5.042 2/6 Submissions Used ASK YOUR TEACHER Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $ Time t 5 yr PREVIOUS ANSWERS SMITHNM13 11.5.045. 3/6 Submissions Used 4% Amount Needed Frequency Rate Time A n r t $45,000 monthly 35 yr