March 30, 2017

Post a New Question

Posted by on .

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.)

  • MATH - ,

    If this is compounded interest then the equation is

    1600(1+.06/4)^4*20 =

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question