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a company estimates that it will need $123,000 in 18 years to replace a computer. if it takes a sinking fund by making fixed monthly
a company estimates that it will need $123,000 in 18 years to replace a computer. if it takes a sinking fund by making fixed monthly payments into an account paying 4.2% compounded monthly, how much should each payment be?
the amount of each payment should be ?
(round to the nearest cent.)
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