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Question 8 0/ 10 pts 9 5 9 0 Details A firm needs to replace most of its machinery in 4 years at a cost

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Question 8 0/ 10 pts 9 5 9 0 Details A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes to create a sinking fund to have this money available in 4 years. How much should the monthly deposits be if the fund earns 11% compounded monthly? Question Help: Message instructor Submit

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