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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
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Directrix (directrix):
@jordanMary @(Moderator) (Moderator) above is not a moderator.
OpenStudy (anonymous):
yeah..
OpenStudy (anonymous):
K
Directrix (directrix):
@jordanMary Do you know the sinking fund formula? I do not know it but may be able to work the problem if I did.
OpenStudy (anonymous):
i got the answer. thanks tho!
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