Question

Find the amount of each payment to be made into a sinking fund when $75000 @ 6% compounded semiannually for 4.5 years.

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Could some one please explian What is a sinking fund payment.. Example at 8% interest compounded... if a regular payment is made quarterly into sinking fund,it accrues to $18258.53 after ten years.Wha... Find the amount of periodic payment necessary for the deposit to a sinking fund: A=50,000 n=s... Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer...