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Find the intrest rate needed for the sinking fund to reach the required amount. Assume that the compunding period is the same as the payment
Find the intrest rate needed for the sinking fund to reach the required amount. Assume that the compunding period is the same as the payment period ( note. a sinking fund is an account createf to fund a future expense. Its like a savings account) $26,983 to be accumulated in 6 years; quarterly payments of $1000 . the intrest rate needed is approximately __ %. i wrote it down because everytime i take it, it comes out blurry in the red for the right to the heart of an outstanden Point of Sav Sweaters 1000 The resedarys To ordinal rounded to compless) Theo Code in the red for the right to the heart of an outstanden Point of Sav Sweaters 1000 The resedarys To ordinal rounded to compless) Theo Code
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