Question: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.) Sinking fund payment (in $) Sinking Fund Payment Payment

Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)

Sinking fund payment (in $)
Sinking Fund Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value (Objective)
$ every 3 months 4 6.0 quarterly $9,000

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