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 8% interest compounded annually for 9 years to accumulate $5700

A. $228.11
B. $456.45
C. $535.88
D. $393.47


Answer: B

Mathematics

You might also like to view...

Evaluate the given function with the following information: sin ? =  (? in first quadrant) and cos ? = -  (? in second quadrant).sin(? - ?)

A. - 
B.
C. - 
D.

Mathematics

Sketch the graph of the equation in the rectangular coordinate system in three dimensions.y = x2

What will be an ideal response?

Mathematics

Perform the indicated operation(s). Simplify if possible. - 

A.
B.
C.
D.

Mathematics

Find an equation of the circle that satisfies the given conditions.

Radius 7 and center (5, - 4)

Mathematics