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Round to the nearest cent. A company estimates that it will need $106,000 in 15 years to replace a computer. If it establishes a sinking

Round to the nearest cent.

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A company estimates that it will need $106,000 in 15 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 5.4% compounded monthly, how much should each payment be? The amount of each payment should be S (Round to the nearest cent.)

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