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For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round your answer to the nearest cent.) Sinking Fund Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value (Objective) every year 14 8 annually $350,000

For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round your answer to the nearest cent.) Sinking Fund Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value (Objective) every year 14 8 annually $350,000

Advanced Engineering Mathematics
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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For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round your answer to the nearest cent.)

Sinking Fund
Payment		 Payment
Frequency		 Time Period
(years)		 Nominal
Rate (%)		 Interest
Compounded		 Future Value
(Objective)
every year 14 8 annually $350,000  
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