Question
Find the amount of each payment to be made into a sinking fund which earns 6% compounded quarterly and produces $52,000 at the end of
Find the amount of each payment to be made into a sinking fund which earns 6% compounded quarterly and produces $52,000 at the end of 2.5 years. Payments are made at the end of each period.
The payment size is?
(Do not round until the final answer. Then round to the nearest cent.)
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Rogawski's Calculus For AP*
Authors: Jon Rogawski, Ray Cannon
2nd Edition
1464101086, 9781464101083
