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You need to ensure you have a balance on hand of $6,000 in 5 years to satisfy a future obligation You decide to make deposit
You need to ensure you have a balance on hand of $6,000 in 5 years to satisfy a future obligation You decide to make deposit into a sinking fund each month. Assume interest rates are (l) = 10.3%. How big must the deposit be (rounded up to the nearest cent)? Number
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