Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $3607.81 X Amount Needed Frequency A n $45,000 monthly Rate r 7% Time t 30 yr

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)
$3607.81
X
Amount Needed Frequency
A
n
$45,000
monthly
Rate
r
7%
Time
t
30 yr
Transcribed Image Text:Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $3607.81 X Amount Needed Frequency A n $45,000 monthly Rate r 7% Time t 30 yr
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