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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.) Amount Needed Frequency Rate Time A t $9,000 annually 0.5% 6 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 t $9,000 annually 0.5% 6 yr

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 17E: Mortgage what is the monthly payment on a 30-year mortgage of $100,000 at 8% interest per year,...
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Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) 2$ Amount Needed Frequency Rate Time A in $9,000 annually 0.5% 6 yr
Transcribed Image Text:Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) 2$ Amount Needed Frequency Rate Time A in $9,000 annually 0.5% 6 yr
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