Use the Sinking Fund Formula to Determine the Payment Needed

question 167

Multiple Choice

Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round the answer to
the nearest cent.
-Annual payments with 6.5% interest compounded annually for 23 years to accumulate$4000

• A) $73.59
• B) $61.08
• C) $86.76
• D) $79.84

Apply specific verbs, concrete nouns, and vivid adjectives for clearer and more effective writing.

Acknowledge the visual design principles that contribute to the perceived intelligence of the writer and readability of documents.

Distinguish between effective and ineffective practices in typing and formatting business messages.

Evaluate the success of communication through feedback and understand the role of proofreading in ensuring accurate and error-free messages.

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Definitions:

Physical Dimensions

Measurements that describe the size, shape, and volume of objects or spaces.

Semicircular Canals

Three fluid-filled tubes in the inner ear that play a key role in maintaining balance by sensing rotations of the head.

Inner Ear

The innermost part of the ear, containing the cochlea and vestibular organs, responsible for hearing and balance.

Closure

The psychological term for an individual's desire for a firm answer to a question and an aversion to ambiguity.