Choi Home Repair needs to accumulate $24,000 in 6 years to

Last updated: 7/13/2022

Choi Home Repair needs to accumulate $24,000 in 6 years to purchase new equipment. What sinking fund payment (in $) would they need to make at the end of each three months, at 4% interest compounded quarterly? Use Table 12-1. (Round your answer to the nearest cent.) $