A couple agrees to sell an antique vase to a local museum for $20,000 They want to defer the receipt of this money until they retire in 5 years and are in a lower tax bracket) If the museum can earn 6 4 compounded annually, find the amount of each annual payment it should make into a sinking fund so that it will have the necessary $20,000 in 5 years The payments to the sinking fund form an Therefore, the formula because the payments are equal and made at the end of each period should be used Each payment should be $ (Do not round until the final answer Then round to the nearest cent as needed )

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A couple agrees to sell an antique vase to a local museum for $20,000  They want to defer the receipt of this money until they retire in 5 years and are in a lower tax bracket)  If the museum can earn 6 4  compounded annually, find the amount of each annual payment it should make into a sinking fund so that it will have the necessary $20,000 in 5 years  The payments to the sinking fund form an Therefore, the formula because the payments are equal and made at the end of each period  should be used Each payment should be $ (Do not round until the final answer  Then round to the nearest cent as needed )

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A couple agrees to sell an antique vase to a local museum for $20,000. They want to defer the receipt of this money until they

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