In the sinking fund that you have set up to save $1,800 in two years, assume that you will make payments at the end of each month and that the account pays 6 percent yearly interest compounded monthly.
What should be your monthly payment?
This section requires Javascript.
You are seeing this because something didn't load right. We suggest you, (a) try
refreshing the page, (b) enabling javascript if it is disabled on your browser and,
finally, (c)
loading the
non-javascript version of this page
. We're sorry about the hassle.
No explanations have been posted yet. Check back later!