Saturday
March 25, 2017

Post a New Question

Posted by on .

What sinking fund payment would be required at the end of each three-month period, at
8% interest compounded quarterly, in order to amount to $20,000 within five years?

  • math - ,

    solve for x
    20000 = x[1.02)^20 - 1]/.02

    I got 823.13

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question