1 Answered Questions for the topic sinking fund
Sinking Fund Payments
12/05/14
John plans to retire in 30 years and sets up a sinking fund to accrue $1,000,000. The annual interest rate is 5% and interest is compounded quarterly.
Sinking Fund - have no idea what formula to use and how to determine answers to A and B:
A) If she makes equal payments at the end of each quarter, find the amount of each payment that is...
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