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Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to accumulate $55,000 over 7 years. Payments are

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Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to accumulate $55,000 over 7 years. Payments are made at the end of each period The payment size is s (Do not found until the final answer. Then round to the nearest cent)

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