Use the accompanying sinking fund formula to determine the

Last updated: 12/9/2023

Use the accompanying sinking fund formula to determine the payment needed to reach the accumulated amount Semiannual payments with 6 interest are compounded semiannually for 5 years to accumulate 40 000 The semiannual invested payment is Do not round until the final answer Then round up to the nearest cent p H 7 nt