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A company estimates that it will need $112,000 in 14 years to replace a computer. If it establishes a sinking fund by ma
Posted: Sun Oct 03, 2021 12:58 pm
by answerhappygod
- A Company Estimates That It Will Need 112 000 In 14 Years To Replace A Computer If It Establishes A Sinking Fund By Ma 1 (15.42 KiB) Viewed 115 times
A
company estimates that it will need $112,000 in 14 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 6.0% compounded monthly, how much should each payment be? R. The amount of each payment should be s (Round to the nearest cent.)