Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded m times a year. Round your answer to the nearest cent.
S = 30,000, r = 5, t = 8, m = 2
R = $__________

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The Answer of Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded m times a year. Round your answer to the nearest cent.
S = 30,000, r = 5, t = 8, m = 2
R = $__________

Find the Periodic Payment R Required to Accumulate a Sum