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Payments are made at the end of each year into a sinking fund earning 8% interest compounded annually. The balance is $48000 at the

Payments are made at the end of each year into a sinking fund earning 8% interest compounded annually. The balance is $48000 at the end of 5 years. Find the amount of the payment The payment size is $8181.82 (Round to the nearest cent.)

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