Find the monthly payment, R, needed to have a sinking fund accumulate the future value,A. The yearly interest rate,r, and the number of payments,n, are given.Interest is compounded monthly.Use the formula for finding the future value of an ordinary annuity. A=10,000 r=8% n=60 It says I have to round to the nearest cent as needed.
This is for a college math course and I have done the problem a few times but I keep getting it wrong!
This is for a college math course and I have done the problem a few times but I keep getting it wrong!