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semiannual payment to finance $200,000 in a sinking fund

What is the semiannual payment to finance $200,000 in a sinking fund that pays 12% annual interest? Also, calculate the total deposits of the sinking fund and the interest earned by the semiannual payment.
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1 Answer

How long is the loan for? Is there an interest rate on the original loan?
 
If it is asking what I think, we will just use the sn formula:
 
FV = PMT ((1+i/m)n(m) - 1) / (i/m) , but without a time frame, we don't have an m.
 
Any more info?

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I double checked to make sure that I did not omit anything. That is all the information the question gives.
Sorry, I'm out of ideas on that one.  The number of years will affect the payment in my experience.  Although it is not showing up, I also answered the one about Jack.  If you click on it, it will show the explanation.
Ok then.  Since it is a sinking fund then our goal is to have 200,000 by the end of 10 years, so we will use the formula I have above.  200,000 is our future value, FV,   i is the interest rate which is .12, m in the number of compounds per year, semi annually means twice a year so m = 2, n = 10 years the total time in years.
 
I am getting 5436.91 
 
P.S. not a big deal but in my first answer I should have said "we don't have an n", not "we don't have an m"
Also, calculate the total deposits of the sinking fund and the interest earned by the semiannual payment.
How do you do this part?? ^^

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