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

تمرين 37

Solve the following exercises by using tables.
Paul and Donna Kelsch are planning a Mediterranean cruise in 4 years and will need $7,500 for the trip. They decide to set up a "sinking fund" savings account for the vacation. They intend to make regular payments at the end of each 3-month period into the account that pays 6% interest compounded quarterly. What periodic sinking fund payment will allow them to achieve their vacation goal