Payments are made at the end of each year into a sinking fund earning 5​% interest compounded annually. The balance is ​$53000 at the end of 8 years. Find the amount of the payment.

asked by guest
on Oct 21, 2024 at 9:05 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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