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A year ago
Complete the partial sinking fund schedule showing the details of Payments 1, 2, 39, 40, 59, and 60. The rate of return is 5.25% compounded monthly. Round the periodic interest earnings to the nearest dollar.

PMT #PMT ($) (at beg)Interest ($)Increase in Fund ($)Balance in Fund ($)
0---0
187,284
287,28476588,049175,715
38---
3987,28416,200103,4843,719,128
4087,2843,823,065
58---
5987,28425,642112,9265,886,578
6087,28426,136
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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