FundRobot » Funds » Sinking fund Question?

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Default sinking fund question

Suppose you establish a sinking fund by putting $200 into an account now, followed by monthly payments into the account as
follows:
- $50 at the end of each month for 6 years.
- followed by $150 at the end of each month for 8 more years.

Given that the APR is 6% compounded monthly, how much will the accumulated amount be in 14 years?

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