Find the interest rate needed for the sinking fund to reach the required amount. Assume...
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Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. (Note. A sinking fund is an account created to fund a future expense. It's like a savings account) $33,287 to be accumulated in 6 years; quarterly payments of $1225.
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