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| rev | Admin | (Created page with "Lauren takes out a loan of $35,000. She pays this back by establishing a sinking fund and making 16 equal payments at the end of each year. The sinking fund earns 9% each year. Immediately after the 9th payment the sinking fund’s yield increases to 11%. At this time Lauren adjusts her sinking fund payment to X so that the fund will accumulate to $35,000 16 years after the original loan date. Find X. <ul class="mw-excansopts"><li>$8,057.17</li><li>$1,291.33</li><li>$...") | Nov 22'23 at 9:18 | +791 |