Question: For the sinking funds, use Table 12-1 from your text to calculate the amount of the periodic payments needed to amount to the financial objective

For the sinking funds, use Table 12-1 from your text to calculate the amount of the periodic payments needed to amount to the financial objective (future value of the annuity), rounding to the nearest cent:

Sinking Fund	Payment	Time	Nominal	Interest	Future Value
Payment	Frequency	Period	Rate	Compounded	(Objective)
__________	every month	2 years	18%	monthly	$40,000

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