Question: For the sinking fund, use Table 12-1 to calculate the amount (in %) of the periodic payments needed to amount to the financial objective (future

For the sinking fund, use Table 12-1 to calculate the amount (in %) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round your answer to the nearest cent.) Sinking Fund Payment Payment Frequency Time Period (years) Nominal Interest Rate(%) Compounded Future Value (Objective) 5 every year annually $450,000 La mu

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