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6. Upstate Builders determines that their major manufacturing equipment will need replaced in 15 years at a cost of $1,000,000. How much should they contribute

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6. Upstate Builders determines that their major manufacturing equipment will need replaced in 15 years at a cost of $1,000,000. How much should they contribute monthly to a 6.35% sinking fund if it compounds monthly to reach their goal? 7. How much interest did Upstate Builders earn over the 15 years

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