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A company must buy a new machine in 6 yoan for $120,000. The compamy sets...

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Accounting

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A company must buy a new machine in 6 yoan for $120,000. The compamy sets up a sinking fund for this purpose. Find the payment into the fund at the ond of each year if the money in the fund eams 8% compounded annually. Click bere to vece pange 1 of the sinking fund table. Click hete to vere page 2 of the sirking And table. Each peciodic payment is approximately? (Round to the nearest cont as needed.) Page 1 of the sinking fund table

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