A company established a sinking fund account to accumulate $600,000 in three years. Payments are made at the beginning of each month, and the fund pays 5.5% compounded monthly. Prepare a partial sinking fund schedule showing payments 1, 2, 18, 19, 35 and 36.

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The Answer of A company established a sinking fund account to accumulate $600,000 in three years. Payments are made at the beginning of each month, and the fund pays 5.5% compounded monthly. Prepare a partial sinking fund schedule showing payments 1, 2, 18, 19, 35 and 36.

A Company Established a Sinking Fund Account to Accumulate $600,000