Question: Use Table 14 - 2 to find the sinking fund payment. Desired future value 1, $240,000 2 $3,000 3, $50,000 4 $45,000 Annual interest rate

Use Table 14 - 2 to find the sinking fund payment.

Desired future value 1, $240,000 2 $3,000 3, $50,000 4 $45,000 Annual interest rate 5% 4% 4% 3% Years 15 10 Frequency of payments Annually Semiannually Quarterly Annually

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1 Number of periods 15 period rate 6 Table 142 value 00429628 Sinking fund payment 24000000... View full answer

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