Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Lothar wishes to accumulate $3,500 in 3 years for a home sound system. Find the sinking fund payment he would need to make at the END of each year, at 10% interest compounded annually.

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The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Lothar wishes to accumulate $3,500 in 3 years for a home sound system. Find the sinking fund payment he would need to make at the END of each year, at 10% interest compounded annually.

Use Tables 12-1 and 12-2 from Your Text to Answer