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#7 You want to set up a sinking fund to save $10,000 for a home down payment. Your goal is to save the money
#7 You want to set up a sinking fund to save $10,000 for a home down payment. Your goal is to save the money in a savings account paying 12% interest. You will deposit the money in five (5) equal yearly amounts. What amount do you need to save annually into your 12% interest savings account to have $10,000 in five years? O $1,574 $1,897 $988 $2,331 O $1,285
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