Find the amount of each payment to be made into a sinking fund which earns 7% compounded quarterly and produces $38,000
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Find the amount of each payment to be made into a sinking fund which earns 7% compounded quarterly and produces $38,000
Find the amount of each payment to be made into a sinking fund which earns 7% compounded quarterly and produces $38,000 at the end of 4.5 years. Payments are made at the end of each period. The payment size is?