Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answ...

Question

Question

Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)

Amount Needed
A    Frequency
n    Rate
r    Time
t    $75,000    quarterly    1.2%    5 yr

Answer 1

Answer #1

Amount needid =-ธา5000 ん= hateof interest= 127, = ool2 Assumina given rrake of interest quanterly Using ths formulo , P uant

Answer 2

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