se the sinking fund formula shown to the right to determine the monthly payment needed to accumulate ​$560,000 with 9​% interest are compounded monthly for 31 years. p=Arn1+rnnt−1 The monthly invested payment

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A: Answer Future Value $32,000 Period In Years 2.5 Rate 7% Compund  Quaterly Total Periods…

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A:

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A: FV = $1,000,000 r = 5.8% Number of compounding per year (m) = 2 Period (t) = 30 Years

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A: given, A= $200 R=2% N = 20

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Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given Information: Required amount is $620,000 Interest rate is 8% Compounded monthly for 32 years

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Q: Find

A: RATE (7.2%/2) 0.036 PERIOD (45*2) 90 PRESENT VALUE 0 FUTURE VALUE $700,000

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A: The question asked to compute the sing king fund payment.   Future value: Future value refers to the…

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