Kirk wishes to accumulate $10,000 in 3 years for a down payment on a house. Use Table 12-1 from your text to find the sinking fund payment he would need to make at the END of every month, at 6% interest compounded monthly.
A) $2,773.58
B) $3,733.58
C) $254.22
D) $356.59
Correct Answer:
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