Assume that you wish to save $1800 in a sinking fund in 2 years. The account pays 6% compounded quarterly and you will also make

Question

Assume that you wish to save $1800 in a sinking fund in 2 years. The account pays 6% compounded quarterly and you will also make payments quarterly. What should be your quarterly payment? How many payments are you making in the 2 years?

Kunduz · Accepted Answer

Click to see the answer