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

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 $6,000

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