Question: Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time

Find the monthly payment R needed to have a sinking fund accumulate

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 = $2,000; r = 5%; t=4 R=$ (Round up to the nearest cent.)

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