Biology Forums - Study Force

For the sinking fund calculate (rounded to the nearest dollar):


a) The size of the periodic sinking fund payment
b) The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.)

End-of-Term Amount in Sinking Fund	Term	Sinking Fund Rate of Return	Payment and Compounding Interval	Payment at Beginning or End of Interval?	Balance at the End of Interval
$15 million	15 years	6.5%	1 year	End	11

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