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A local Dunkin Donuts franchise must buy a new piece of equipment in 5 years that will cost $ 9 2 , 0 0 0

A local Dunkin Donuts franchise must buy a new piece of equipment in 5 years that will cost $92,000. The company is setting up a sinking fund to finance the purchase. What will the quarterly deposit be if the fund earns 8% interest?
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