Question: A business sets up a sinking fund so they will have a $73,000.00 to pay for a replacement piece of equipment in 9 years when

A business sets up a sinking fund so they will have a $73,000.00 to pay for a replacement piece of equipment in 9 years when the current equipment will be sold for scrap. If they make deposits at the end of each month for 9 years in the investment that pays 7.3% compounded monthly, what size should each payment be? The monthly payments are $.= (Round to 2 decimal places.)

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