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Suppose you decide to use a sinking fund to save $ 3 0 , 0 0 0 for a car. If you plan to make

Suppose you decide to use a sinking fund to save $30,000 for a car. If you plan to make 60 monthly payments (5 years) and you received 5% annual interest. The required payment for an ordinary annuity will be about $441.14
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