The monthly invested payment is $. (Round up to the nearest cent.)

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Jasica Parker would like to have $68,000 to buy a new car in 5 years. To accumulate $68,000 in 5 years, how much should she invest monthly in a sinking fund with 9% interest compounded monthly?
The monthly invested payment is $-
(Round up to the nearest cent.)
Transcribed Image Text:Jasica Parker would like to have $68,000 to buy a new car in 5 years. To accumulate $68,000 in 5 years, how much should she invest monthly in a sinking fund with 9% interest compounded monthly? The monthly invested payment is $- (Round up to the nearest cent.)
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