Question

The amount desired in a sinking fund is given. Find the periodic payments required to obtain the desired amount.

A = $75,000, the interest rate is 7.2%, and payments are made quarterly for 4 years.
same as the previous one you posted

Related Questions

Find the periodic payments necessary to accumulate $20,000 in a sinking fund paying 4% per year, wit... A sinking fund is the accumulated amount to be realized at some future date (the end of the term) wh... Find the periodic payments PMT necessary to accumulate the amount given in a sinking fund. HINT [See... find the periodic payments necessary to accumulate the amount given in a sinking fund. Assume end of...