Find the required payment for the sinking fund

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Reference no: EM132061310

In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.

Find the required payment for the sinking fund. (Round your answer to the nearest cent.)

Monthly deposits earning 6% to accumulate $4000 after 10 years.

Reference no: EM132061310

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