Question
For the sinking funds, use Table 12-1 from your text to calculate the amount of the periodic payments needed to amount to the financial objective
For the sinking funds, use Table 12-1 from your text to calculate the amount of the periodic payments needed to amount to the financial objective (future value of the annuity), rounding to the nearest cent:
| Sinking Fund | Payment | Time | Nominal | Interest | Future Value |
| Payment | Frequency | Period | Rate | Compounded | (Objective) |
| __________ | every 3 mos | 1 1/2 yesrs | 16% | quarterly | $2,500 |
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
