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Use the sinking fund formula to determine the payment needed to reach the accumulated amount....

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Basic Math

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Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round to the nearest cent.Quarterly payments with 5.8% interest compounded quarterly for 3 years, and will accumulate to $82,000.A. $2,285.22B. $6,305.36C. $1,657.43D. $1,789.73

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