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For the following sinking fund, use Table 12-1 to calculate the amount of the periodic payments needed to amount to the financial objective (future value of the annuity). Round your answer to the nearest cent.
Click here for Table 12-1
Sinking Fund
Payment ???
Payment
Frequency-Every Month
Time
Period (years) 2 1/2
Nominal
Rate (%) 18 %
Interest
Compounded=monthly
Future Value
(Objective) $3,000
weiland co. shows the following information on its 2014 income statement sales 157000 costs 81100 other expenses
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