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A company estimates that it will need 88000 in 12 years to

Question: A company estimates that it will need $88.000 in 12 years to replace a computer If it establishes a sinking fund by making fixed monthly payments into an account paying 5.7% compounded monWy. How much should each payment be? The wound of each payment should be $ _ (Round to the nearest cent)

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Finance Basics: A company estimates that it will need 88000 in 12 years to

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