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.$62,000; money earns 4.8% compounded monthly for 1 years

A. $804.74
B. $1279.76
C. $758.49
D. $3531.75


Answer: D

Mathematics

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