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Find the amount accumulated in the sinking fund if $200 is deposited monthly for 14 years at 3% per year. (Assume end-of-period...Asked by david
Find the amount accumulated in the sinking fund if $1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)
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Answered by
Reiny
1600[1.015^80 - 1]/.015
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