Question: Hello please explain what equation you use and the steps thanks 2-10. You work for the shipping company Canada express), and host a fleet of

Hello please explain what equation you use and the steps thanks

2-10. You work for the shipping company Canada express), and host a fleet of delivery vehicles. In 5 years the fleet will need an overhaul, which your team estimates at $1,500,000. You set up a fund which pays 3.8% compounded monthly. Determine the monthly payments into this fund to ensure you can overhaul the fleet in 5 years

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