Series of equal paymentsinto a savings account

Reference no: EM13338082

In a sinking fund, a firm makes a series of equal paymentsinto a savings account in order to have a certain dollar amountavailable at some point in the future. whay type of time valueproblem is this?

a. a present value of a dollar problem
b. a future value of a dollar problem
c. a present value of an annuity problem
d. a future value of an annuity problem
e. none of the above

Reference no: EM13338082

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Series of equal paymentsinto a savings account : In a sinking fund, a firm makes a series of equal paymentsinto a savings account in order to have a certain dollar amountavailable at some point in the future. whay type of time valueproblem is this?

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