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  • 3 years ago

Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round the answer to the nearest cent. Annual payments with 5% interest compounded annually for 8 years to accumulate $6000 A. $736.92 B. $544.14 C. $628.33 D. $203.05

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  1. darkb0nebeauty
    • 3 years ago
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    the answer is C-$628.33

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