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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 $134000 at 15.75% simple intrest from First Bank to purchase some office furniture. First Bank requires monthly intrest payments and the full $134000 at the end of 6 years. In order to meet this obligation, New Jobs Created plans to make monthly deposits to a sinking fund earning 6% 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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