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

Use the sinking fund formula shown to the right to determine the semiannual payments with 8% interest are compounded semiannually for 4 years to accumulate $24,000.

Sinking fund formula found to nearest cent annual payments with 6% interest compounded annually for 5 years and will accumulate 8400

Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

Use the sinking fund formula shown to the right to determine the monthly payment needed to accumulate ​$400,000 with 7​% interest are compounded monthly for 29 years.   The monthly invested payment is ​$

Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,500,000, r = 4.7%, compounded semiannually for 25 years

Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,200,000, r = 4.9%, compounded quarterly for 45 years $

Determine the principal P that must be invested at rate r = 2%, compounded monthly, so that $500,000 will be available for retirement in t = 10 years. (Round your answer to the nearest cent.)P = $

Find the size of each of 8 payments made at the end of each year into a 9% rate sinking fund which produces 55000 at the end of 8 years. payment size

Use the accompanying sinking fund formula to determine the payment needed to reach the accumulated amount.   Semiannual payments with 7​% interest are compounded semiannually for 7 years to accumulate ​$18,000