Find the Amount of Each Payment Needed to Accumulate the Indicated

question 70

Multiple Choice

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest
cent.
-$6,400, money earns 8% compounded annually, 10 years

• A)$441.79
• B)$485.57
• C)$512.51
• D)$384.51

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Definitions:

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Behavioural Science

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