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A company makes fixed annual payments to a sinking fund to replace equipment in five years time for its new project. The equipment is valued

A company makes fixed annual payments to a sinking fund to replace equipment in five years time for its new project. The equipment is valued at 100,000 and interest rates are 12%. How much should each payment be? How would these payments change if the company could put an initial 10,000 into the fund? second part is very doubtful for me please calculate correctly

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