Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding periodis the same as the payment period.
-$\$ 37,000$ to be accumulated in 5 years; quarterly payments of $\$ 1675$. Round to the nearest thousandth.
A) $4.143 \%$
B) $4.131 \%$
C) $4.142 \%$
D) $4.139 \%$

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The Answer of Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding periodis the same as the payment period.
-$\$ 37,000$ to be accumulated in 5 years; quarterly payments of $\$ 1675$. Round to the nearest thousandth.
A) $4.143 \%$
B) $4.131 \%$
C) $4.142 \%$
D) $4.139 \%$

Find the Interest Rate Needed for the Sinking Fund to Reach