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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
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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?

User Timur Bilalov
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1 Answer

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

User Andrej Herich
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