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Stein and Company has established a sinking fund bond of $81000 to retire in 18 years. How much should the monthly payment be if

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Stein and Company has established a sinking fund bond of $81000 to retire in 18 years. How much should the monthly payment be if the account pays 2.8% compounded monthly? Use a TVM Solver to answer the following questions. Indicate the values used for each category, including 0 and cash flow signs. For the blanks, round to 3 decimal places, but do NOT round within your TVM Solver. n = 216 1% = % PV= PMT = FV = PMT Type: END BGN Now answer the following questions. Round answers to the nearest cent. The sinking fund payment will be $ Total payments into the bond will be $ The bond will earn $interest after 18 years.

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