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Find the periodic payments PMT necessary to accumulate the amount given in a sinking fund. HINT (See Example 2.] (Assume end-of-period deposits and compounding at
Find the periodic payments PMT necessary to accumulate the amount given in a sinking fund. HINT (See Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $30,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start PMT = $ 96.40 X Pensions Meg's pension plan is an annuity with a guaranteed return of 6% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 15 years. If she works 35 years before retiring, how much money must she and her employer deposit each quarter? (Round your answer to the nearest cent.) $ Find the periodic payments PMT necessary to accumulate the amount given in a sinking fund. HINT (See Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $30,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start PMT = $ 96.40 X Pensions Meg's pension plan is an annuity with a guaranteed return of 6% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 15 years. If she works 35 years before retiring, how much money must she and her employer deposit each quarter? (Round your answer to the nearest cent.) $
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