Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $ Amount Needed Frequency Rate Time A n r t $45,000 monthly 7% 25 yr
Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $ Amount Needed Frequency Rate Time A n r t $45,000 monthly 7% 25 yr
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)
$
Amount Needed Frequency
Rate
Time
A
n
r
t
$45,000
monthly
7%
25 yr
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