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New Jobs Created borrowed $ 1 3 4 0 0 0 at 1 5 . 7 5 % simple intrest from First Bank to purchase
New Jobs Created borrowed $ at simple intrest from First Bank to purchase some office furniture. First Bank requires monthly intrest payments and the full $ at the end of years. In order to meet this obligation, New Jobs Created plans to make monthly deposits to a sinking fund earning compounded monthly. Round up any part of a cent.
A State New Jobs Created total monthly obligation
B What is the total intrest earned on the sinking fund assuming all deposits are the same?
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