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15. A company estimates that it will need $62,000 in 11 year fixed monthly payments into an account paying 6.0% compounded od 362,000 in 11

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15. A company estimates that it will need $62,000 in 11 year fixed monthly payments into an account paying 6.0% compounded od 362,000 in 11 years to replace a computer. If it establishes a sinking fund by making o an account paying 6.0% compounded monthly, how much should each payment be? The amount of each payment should be $ (Round to the nearest cent.) ID: 3.3.33-BE

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