document.write( "Question 1198972: Assume that you have $2100 saved in a sinking fund in 1 year. The account pays 3.5% compounded monthly. What should be your monthly payments? \n" ); document.write( "
Algebra.Com's Answer #833127 by MathLover1(20850)\"\" \"About 
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\n" ); document.write( "\n" ); document.write( "given :\r
\n" ); document.write( "\n" ); document.write( "Money to accumulate: $\"2100\"\r
\n" ); document.write( "\n" ); document.write( " interest rate is: \"3.5\"%=\"0.035\"\r
\n" ); document.write( "\n" ); document.write( "frequency: \"12\" months
\n" ); document.write( "period: \"1\" year
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\n" ); document.write( "the monthly interest rate is: \"0.035+%2F+12=0.002916666666666667\"\r
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\n" ); document.write( "\n" ); document.write( "\"Contribution+=+172.21\"\r
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\n" ); document.write( "\n" ); document.write( "Your monthly payment should be $\"172.21\" to achieve your goal.\r
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