Using the sinking fund table, complete:
$\begin{array}{l|l|l|l|l}
\hline \text { Required Amount } & \text { Freq of } & & & \text { Payment Amount end of } \
\text { Needed } & \text { Payment } & \text { Years } & \text { Interest Rate } & \text { each period } \
\hline \$ 40,000 & \text { Quarterly } & 7 & 8 \% & ?\
\hline
\end{array}$

Question

Using the sinking fund table, complete:
 $\begin{array}{l|l|l|l|l}
\hline \text { Required Amount } & \text { Freq of } & & & \text { Payment Amount end of } \
\text { Needed } & \text { Payment } & \text { Years } & \text { Interest Rate } & \text { each period } \
\hline \$ 40,000 & \text { Quarterly } & 7 & 8 \% & ?\
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the sinking fund table, complete:
 $\begin{array}{l|l|l|l|l}
\hline \text { Required Amount } & \text { Freq of } & & & \text { Payment Amount end of } \
\text { Needed } & \text { Payment } & \text { Years } & \text { Interest Rate } & \text { each period } \
\hline \$ 40,000 & \text { Quarterly } & 7 & 8 \% & ?\
\hline
\end{array}$

Using the Sinking Fund Table, Complete