document.write( "Question 1182726: a sinking fund is being established, the goal of which is to reach 100,000. calculate the payment, where i is the interest rate per period. \n" ); document.write( "
Algebra.Com's Answer #812823 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! P=A*(r/n)/(1+(r/n))^nk-1 \n" ); document.write( "=100000*i /(1+i)^in-1, where A is the principal, P is the payment, n is number of years and i is the interest rate per period (not per year, unless it were 1 payment per year). \n" ); document.write( " |