document.write( "Question 1198884: Assume that you want to have $ 1900 saved in a sinking fund in 1 year. The account pays 3.5% compounded monthly. What should be your monthly payments?
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document.write( "Monthly Payment = \n" );
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Algebra.Com's Answer #832561 by ikleyn(52782)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "There is a lesson at this forum, free of charge, where similar problems are solved \n" ); document.write( "and the solution method is described in all details. So, these solutions are your TEMPLATES.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "This lesson is\r \n" ); document.write( "\n" ); document.write( " - Solved problems on Ordinary Annuity saving plans, \r \n" ); document.write( "\n" ); document.write( "the problems are 4 an 5 of this lesson.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Substitute your numbers into the formulas and make necessary calculations using your calculator.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If you want to learn relevant theory, it is given in the lesson\r \n" ); document.write( "\n" ); document.write( " - Ordinary Annuity saving plans and geometric progressions\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |