Find the Amount of Each Payment Needed to Accumulate the Indicated

question 61

Multiple Choice

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest
cent.
-$9,000, money earns 8% compounded quarterly, 5 years

• A)$749.61
• B)$1,534.14
• C)$1,661.67
• D)$370.44

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Definitions:

Thoracic Aorta

The section of the aorta that passes through the thoracic cavity, supplying oxygen-rich blood to the chest and upper abdominal area.

Thoracic Organs

Thoracic organs refer to those housed in the thoracic cavity, including the heart, lungs, esophagus, and major blood vessels.

Posterior Tibial Artery

A major artery of the lower leg, supplying blood to the posterior compartment of the leg and plantar surface of the foot.

Popliteal Artery

The main artery located behind the knee, providing blood supply to the knee joint and surrounding regions.