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Help is Here, a wrecker company, will soon need to purchase a new wrecker. The...

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Accounting

Help is Here, a wrecker company, will soon need to purchase a new wrecker. The company anticipates needing $35,000 in 3 years.Theircreditunionoffersanaccount 20. that pays 3.4% per year compounded monthly for 36 months. Find the monthly payment needed to accumulate the desired sum.

a. $924.86

b. $724.94 c. $1,003.78 d. $872.46 e. $986.78

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