What equal series of payments must be paid into sinking fund

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Reference no: EM13848149

What equal series of payments must be paid into a sinking fund in order to accumulate each given amount?

a) $41,000 in 8 years at 8.24% compounded semiannually when payment is semiannual

b) $25,000 in 15 years at 6.55% compounded quarterly when payments are quarterly

c) $20,000 in six years at 10.85% compounded monthly when payments are monthly.

Reference no: EM13848149

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