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Please explain to me how to solve this thank you so much in advance Find the amount of each payment to be made into a
Please explain to me how to solve this thank you so much in advance
Find the amount of each payment to be made into a sinking fund earning 5% compounded monthly to accumulate $72,000 over 7 years. Payments are made at the end of each period. The payment size is $. (Round to the nearest cent.) Find the future value of the following annuity due. Assume that interest is compounded annually, there are n payments of R dollars, and the interest rate is i. R=14,000;i=0.07;n=4 The future value of the annuity due is $ (Round to the nearest cent as needed.)Step by Step Solution
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