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
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
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F09464569-16b6-44c9-879c-88c5006e2499%2F13edda0d-fb09-4879-9328-349e3b072eed%2Fa98x1fr.jpeg&w=3840&q=75)
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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