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Find the amount of the payment to me made into a sinking fund so that enough...

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Advance Math

Find the amount of the payment to me made into a sinking fund sothat enough will be present to accumulate the following amount.Payments are made at the end of $95,000; money earns 4% compoundedsemiannually for 2 and a half years.

the payment size is $

(do not round until the final answer. then round to the nearestcent)

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4.1 Ratings (473 Votes)
Ordinary Annuity If the monthly payment made at the end of the semi annually then we can use the ordinary    See Answer
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