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3. [-/1 Points) DETAILS SMITHNM13 11.5.035, MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the amount of periodic payment necessary for the deposit to a

3. [-/1 Points) DETAILS SMITHNM13 11.5.035, MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Rate Amount Needed A Time t Frequency n annually $6,000 0.5% 5 yr Need Help? Read

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