4.8k views
0 votes
Find the amount accumulated FV in the sinking fund. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

$150 is deposited monthly for 19 years at 7% per year.

How do i solve this?

1 Answer

4 votes
I think that the answer is 500 because i rounded it

User Andrej Herich
by
8.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories