Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest cent.
$8,900, money earns 12% compounded monthly, 3 years
A. $206.57
B. $18.33
C. $2,637.52
D. $2,937.18
Answer: A
Mathematics
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Provide an appropriate response.Solve +
=
for b.
A. b =
B. b =
C. b =
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What will be an ideal response?
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