Solution) Personal Finance. To buy a new computer, Mark Nguyen borrows $3250 from a friend at 9% interest comp
Question: Find the amount of each payment that must be made into a sinking fund to accumulate the following amount. (Recall, in a sinking fund, payments are made at the end of every interest period.)
$57,000; money earns 6% compounded semiannually for 8 ½ years.
Price: $2.99
See Answer: The downloadable solution consists of 1 page
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)