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Choi Home Repair needs to accumulate 122,000 in 6 years to purchase new equipment. What sinking fund payment (in 5) would they need to make

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Choi Home Repair needs to accumulate 122,000 in 6 years to purchase new equipment. What sinking fund payment (in 5) would they need to make at the end of each three months, at 3% interest compounded quarterly usele 12-1. (Round your answer to the nearest cont.) > $ Need Help? Read Wh Mash Submit Answer DETAILS MY NOTES 11. [-/1 Points] BRECMBC9 12.111.010.MI. ASK YOUR TEACHER PRACTICE ANOTHER what amortization payment (in $) would you need to make each month at 124 interest compounded monthly to pay off a loan of $15,000 in 2 years? Use Table 12-2. (Round your answer to the nearest cent.) Watch taster Read It Need Help

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