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they will have a $65,000.00 to pay for a replacement piece of equipment in 10 A business sets up a sinking fund so years when
they will have a $65,000.00 to pay for a replacement piece of equipment in 10 A business sets up a sinking fund so years when the current equipment will be sold for scrap. If they make deposits at the end of each quarter for 10 years in the investment that pays 5.7% compounded quarterly, what size should each payment be? The quarterly payments are $ . (Round to 2 decimal places.)
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