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Solve by using the sinking fund or amortization formula. A manufacturing company has determined that it will need $ 6 0 0 , 0 0
Solve by using the sinking fund or amortization formula.
A manufacturing company has determined that it will need $ in years for a new roof on its southeastern regional warehouse. A sinking fund is established for the roof at compounded semiannually. What equal payments in $ are required every months to accumulate the needed funds for the roof? Round your answer to the nearest cent.
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