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Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)
Sinking fund payment (in $)
Sinking Fund
Payment Payment
Frequency Time
Period (years) Nominal
Rate (%) Interest
Compounded Future Value
(Objective)
$

every 3 months 3 6.0 quarterly $7,000

Solve by using the sinking fund or amortization formula Round your answer to the nearest cent Sinking fund payment in Sinking Fund Payment Payment Frequency Tim class=


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