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You need to ensure you have a balance on hand of $11,000 in 5 years to satisfy a future obligation. You decide to make deposit

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You need to ensure you have a balance on hand of $11,000 in 5 years to satisfy a future obligation. You decide to make deposit into a sinking fund each month. Assume interest rates are (1) = 9%. How big must the deposit be (rounded up to the nearest cent)

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