For the sinking funds, use Table 12-1 from your text to calculate the amount of the periodic payment

For the sinking funds, use Table 12-1 from your text to calculate the amount of the periodic payments needed to amount to the financial objective (future value of the annuity), rounding to the nearest cent:Sinking FundPaymentTimeNominalInterestFuture ValuePaymentFrequencyPeriodRateCompounded(Objective)__________every 3 mos 1 1/2 yesrs16%quarterly$2,500

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