Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest
cent. 
-$8,300, money earns 12% compounded monthly, 2 years
Definitions:
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term liquidity of a business.
Supplies
Items used in the day-to-day operations of a business, often consumable in nature, such as office supplies, manufacturing materials, or maintenance necessities.
Equipment
Tangible property used in the operations of a business, such as machinery and tools, which are not intended for sale.
Incremental Borrowing Rate
The interest rate a company would have to pay if it borrows funds, used as a benchmark in lease agreements to calculate the present value of minimum lease payments.
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