Question: How do I find the amount needed into a sinking fund with the following numbers? Amount needed $15,200 years until need 2 interest rate 12%

How do I find the amount needed into a sinking fund with the following numbers?

Amount needed $15,200

years until need 2

interest rate 12% monthly

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!