Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period.$79,000; money earns 5% compounded semiannually for 15 years

A. $913.94
B. $1799.43
C. $1267.60
D. $1116.44


Answer: B

Mathematics

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