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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 = $ 441.14
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