### Calculating the Periodic Payments for Given Cases

1. What equal (uniform) series of payments must be put into a sinking fund to accumulate $65000 in 15 years at 15% compounded annually when payments are annual? 2. What annual equal payment series is necessary to repay a series of 10 end-of-year payments that begins at $6000 and decreases at a rate of $200 a year with 12% in