Find the monthly payment needed for a sinking fund to accumulate the future value of $40,000 in 5 years. The yearly inte

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answerhappygod
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Find the monthly payment needed for a sinking fund to accumulate the future value of $40,000 in 5 years. The yearly inte

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Find the monthly payment needed for a sinking fund to accumulatethe future value of $40,000 in 5 years. Theyearly interest rate is 9%. Interest iscompounded monthly. Round up to the nearest​ cent.
The monthly payment will be:
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