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August 31, 2015

Homework Help: MATH HELP

Posted by Sabrina on Wednesday, March 11, 2009 at 10:35pm.

Find the periodic payments necessary to accumulate $20,000 in a sinking fund paying 4% per year, with monthly payments for 5 years. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

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