b) A company has an expensive repair that is estimated to cost $12.251 coming due in 11 years. They would like to save f

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b) A company has an expensive repair that is estimated to cost $12.251 coming due in 11 years. They would like to save f

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B A Company Has An Expensive Repair That Is Estimated To Cost 12 251 Coming Due In 11 Years They Would Like To Save F 1
B A Company Has An Expensive Repair That Is Estimated To Cost 12 251 Coming Due In 11 Years They Would Like To Save F 1 (12.21 KiB) Viewed 35 times
b) A company has an expensive repair that is estimated to cost $12.251 coming due in 11 years. They would like to save for this expense by depositing equal amounts each month into an account earning 5.6% compounded monthly. How much would they need to deposit each month in order to save for this bill? Round to 2 decimal places. Silwer leading to the answer clearly.
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