Ask your own question, for FREE!
Mathematics 9 Online
OpenStudy (anonymous):

Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round the answer to the nearest cent. Annual payments with 5% interest compounded annually for 8 years to accumulate $6000 A. $736.92 B. $544.14 C. $628.33 D. $203.05

OpenStudy (anonymous):

i guess you need the sinking fund formula. do you have it?

OpenStudy (anonymous):

no

OpenStudy (anonymous):

sinking fund formula?

OpenStudy (anonymous):

Found a site that explain this formula http://www.property-investing.org/sinking-fund.html manie this is all yours!

OpenStudy (anonymous):

thanks

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!