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7. (-/1 Points) DETAILS SMITHNM13 11.5.038.CMI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the amount of periodic payment necessary for the deposit to a

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7. (-/1 Points) DETAILS SMITHNM13 11.5.038.CMI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed Frequency Rate Time + n $70,000 semiannually 3% 10 yr Need Help? Read Master

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