Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $ Amount Needed A Frequency n Rate r Time t $80,000 semiannually 4% 10 yr

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 22PROB
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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 A
Frequency n Rate r Time t $80,000
semiannually 4% 10 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.) $ Amount Needed A Frequency n Rate r Time t $80,000 semiannually 4% 10 yr
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