Question
Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time
Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time t in years are given below. Interest is compounded monthly. A = $2,000; r = 5%; t=4 R=$ (Round up to the nearest cent.)
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Get StartedRecommended Textbook for
Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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