Use the sinking fund formula to determine the payment needed to reach the accumulated amount. To ensure

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Use the sinking fund formula

to determine the payment needed to reach the accumulated amount. To ensure that enough is invested each period, round each answer up to the next cent.

Weekly payment with a 6.5% interest rate compounded weekly for 30 years to accumulate $800,000

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A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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