A company established a sinking fund account to accumulate $750,000 in five years. Payments are made quarterly, and the fund pays 5.25% compounded quarterly. Prepare a partial sinking fund schedule showing payments 1, 2, 11, 12, 19 and 20.

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The Answer of A company established a sinking fund account to accumulate $750,000 in five years. Payments are made quarterly, and the fund pays 5.25% compounded quarterly. Prepare a partial sinking fund schedule showing payments 1, 2, 11, 12, 19 and 20.

A Company Established a Sinking Fund Account to Accumulate $750,000