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Math sinking payment
Could some one please explian What is a sinking fund payment.. Example at 8% interest compounded quarterly in order to reach $20,000 with in five years the sinking payment would be required at the end of each three month period 
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u deposit $100 at the end of each quarter in a sinking fund earning 4% compounded quarterly. How many quarterly deposits must you make in order to reach your goal of saving $10,000? 
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Word problem asks to find rate of interest on a monthly deposit for a sinking fund that is needed to produce 130,000 in 20 years. I applied the model, (fv/pv)^1/t 1 I use n/t if compounding yearly, quaterly, etc. No matter what I've … 
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You deposit $100 at the end of each quarter in a sinking fund earning 4% compounded quarterly. How many quarterly deposits must you make in order to reach your goal of saving $10,000? 
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Kenny opened a sinking fund account and hopes to accumulate $16,000 in 25 months. The yearly interest rate is 7.8%. How much should he invest per month to reach his goal?