Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round the answer to the nearest cent.Annual payments with 6.5% interest compounded annually for 23 years to accumulate$4000
A. $73.59
B. $61.08
C. $79.84
D. $86.76
Answer: C
Mathematics
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B. 
C. 
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A. 
= 7t6 + csc t cot t
B. 
= t6 - cot2t + 2
C. 
= 7t6 + cot2t
D. 
= 7t6 - csc t cot t
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