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
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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