What equal series of payments must be paid into a sinking fund to accumulate the following amount? (a) $21,000 in 10 years at 6.45% compounded semiannually when payments are semiannual. (b) $9,000 in...

What equal series of payments must be paid into a sinking fund to accumulate the following amount?

(a) $21,000 in 10 years at 6.45% compounded semiannually when payments are semiannual.


(b) $9,000 in 15 years at 9.35% compounded quarterly when payments are quarterly.


(c) $24,000 in 5 years at 6.55% compounded monthly when payments are monthly.




May 26, 2022
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