Question: Use Table 14 - 2 to find the sinking fund payment: Desired future value 1. $24,000 2. $45,000 3. $8,000 4. $10,000 Annual interest rate

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

Desired future value 1. $24,000 2. $45,000 3. $8,000 4. $10,000 Annual interest rate 5% 8% 6% 4% YearsFrequency of payments Sinking fund payment 10 4 17 19 Semiannually Quarterly Annually Annually

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