Find the amount of each payment to be made into a sinking fund which earns 7% compounded quarterly and produces $38,000
Posted: Wed Jul 06, 2022 6:45 pm
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?