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Mr Wrinter purchases 1 0 duplexes ( 2 0 rentable units ) and he expects to have to replace the air conditioning equipment in each

Mr Wrinter purchases 10 duplexes (20 rentable units) and he expects to have to replace the air conditioning equipment in each rentable unit 10 years from now at a cost of $5000 per unit. The bank that loaned Mr Wrinter the money to purchase the duplexes requires that he deposit a part of the monthly rents into an account earning 6% interest to insure that the money will be available to replace the air conditioning units. How much money must Mr. Wrinter deposit at the end of each month?

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