Question: 8.5) possible Question 1 of 5 > This question: 6 point(s) possible Submit quiz Find the monthly payment R needed to have a sinking

8.5) possible Question 1 of 5 > This question: 6 point(s) possible Submit quiz Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time t in years are given below. Interest is compounded monthly. A=$7,000; r=4.5%; t = 3 R=$ (Round up to the nearest cent.) 2

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