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Ordinary annuity, the interest is compounded with each payment, the payment is made at the end of the compounding period. Need required payment for the

Ordinary annuity, the interest is compounded with each payment, the payment is made at the end of the compounding period.

Need required payment for the sinking fund.

Monthly deposits earning 4% to accumulate $6000 after 10 years. Round to nearest cent.

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