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OpenStudy (anonymous):
find the monthly payment needed to have a sinking fund accumulate a future value of $18,000. the yearly interest rate is 10.8% and the number of payments is 21. interest is compounded monthly. in your calculations, do not round until the final answer. then round the monthly payment to the nearest cent.
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OpenStudy (anonymous):
18,000=(R(1+0.108/12)^21*10 - 1) / 0.108/12
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