a company estimates that it will need 116,000 in 11 years to replace a computer. If...

a company estimates that it will need 116,000 in 11 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 3.3% compounded monthly, how much should each payment be?

the amount of each payment should be $___

Expert Solution

Colby Messinger answered 1 year ago

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a company estimates that it will need 116,000 in 11 years to replace a computer. If...

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