Find the monthly payment needed for a sinking fund to accumulate the future value of $40,000 in 5 years. The yearly inte
Posted: Thu Jul 07, 2022 2:23 pm
Find the monthly payment needed for a sinking fund to accumulatethe future value of $40,000 in 5 years. Theyearly interest rate is 9%. Interest iscompounded monthly. Round up to the nearest​ cent.
The monthly payment will be:
The monthly payment will be: