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Author Question: Solve the problem using the Sinking Fund table below.Green Thumb Landscaping wants to build a ... (Read 247 times)

mspears3

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Solve the problem using the Sinking Fund table below.


Green Thumb Landscaping wants to build a $124,000 greenhouse in 2 years. The company sets up a sinking fund with payments made quarterly. Find the payment into this fund if the money earns 12% compounded quarterly.
◦ $61,083.74
◦ $58,490.56
◦ $13,944.59
◦ $10,081.55


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Marked as best answer by mspears3 on Feb 26, 2020

Jossy

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mspears3

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Reply 2 on: Feb 26, 2020
Great answer, keep it coming :)


ryansturges

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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