Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 17

Solve the following exercises by using tables.
Mary Evans plans to buy a used car when she starts college three years from now. She can make deposits at the end of each month into a 6% sinking fund account compounded monthly. If she wants to have $14,500 available to buy the car, what should be the amount of her monthly sinking fund payments