Goldies department store has a fleet of delivery trucks


Question: Goldie's Department Store has a fleet of delivery trucks that will last for three years of heavy use and then need to be replaced at a cost of $75,000. How much must they set aside every three months in a sinking fund at 8% annual interest, compounded quarterly, to have enough money to replace the trucks?

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Mathematics: Goldies department store has a fleet of delivery trucks
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