Question: I need help with this question finding the amount of each payment to be made into a sinking fund which earns 5% compounded quarterly and
I need help with this question finding the amount of each payment to be made into a sinking fund which earns 5% compounded quarterly and produces $32,000 at the end of 2.5 years. Payments are made at the end of each period. what is the payment size?
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