Thursday
April 17, 2014

Homework Help: Finite Math

Posted by Matt on Monday, February 18, 2013 at 11:26pm.

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.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - A bond sinking fund investment is started on January 5, 2010, by ...
accounting - A bond sinking fund investment is started on January 5, 2010, by ...
Finite Math - A sinking fund is the accumulated amount to be realized at some ...
Finite Math - Sinking fund which the goal of $100,000 to reach with n=22, i= 0. ...
Math sinking payment - Could some one please explian What is a sinking fund ...
college math 205 - Find the amount of each payment to be made into a sinking ...
math - Find the amount accumulated future value in the sinking fund if $1,200 is...
calculus - The proprietor of Carson Hardware Store has decided to set up a ...
Finance - Lance Industries borrowed $130,000. The company plans to set up a ...
math - What sinking fund payment would be required at the end of each three-...

Search
Members