3 years ago

Find the amount of the payment for the sinking fund.

1 answer:

8 0

:)
The formula of the future value of annuity ordinary and solve for pmt
Pmt=58,000÷(((1+0.06÷2)^(2×2)
−1)÷(0.06÷2))=13,863.57

Hope it helps

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