Question: QUESTION 7 Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding perlod is the same as

QUESTION 7 Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding perlod is the same as the payment period. $110,000 to be accumulated in 15 years; quarterly payments of$1 $1200. Round to the nearest hundredth. 5.47% 5.43% 5.42 % 5.419% QUESTION 8

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