maseyfoster maseyfoster

08-10-2022
Mathematics

Answered

←
A company estimates that it will need $155,000 in 15 years to replace a computer. If it establishes a sinking fund
by making fixed monthly payments into an account paying 3.9% compounded monthly, how much should each
payment be?
8
✔
The amount of each payment should be $
(Round to the nearest cent.)
d
MA
P X
N
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