A company estimates that it will need $92,000 in 17 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 4.5% compounded monthly, how much should each payment be? The amount of each payment should be $ (Round to the nearest cent.) You can afford monthly deposits of $100 into an account that pays 4.5% compounded monthly. How long will it be until you have $5,300 to buy a boat? Type the number of months: (Round to the next-higher month if not exact.)