Find the amount of each payment that must be made into a sinking fund to...
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Find the amount of each payment that must be made into a sinking fund to accumulate each amount.1. $57,000; money earns 4% compounded semiannually for 8.5 years.2. $1,056,788; money earns 7.2% compounded monthly for 4.5 years Find the present value of each ordinary annuity.3. Deposits of $850 annually for 4 years at 6% compounded annually4. Payments of $877.34 monthly for 17 months at 6.4% compounded monthly
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