Post a New Question


posted by .

find the size of each 5 payments made at the end of each year into a 6% rate sinking fund which produces 76000 at the end of 5 years

  • algebra -

    let the payment be P
    P( 1.06^5 - 1)/.06 = 76000
    P = 13482.13

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question