# 3 Finance questions, quick response needed, lowest bid will win

1) A company estimates that it will need \$168,000 in 13 years to replace a computer. If itestablishes a sinking fund by making fixed monthly payments into an account paying 3.9%compounded monthly, how much should each payment be?The amount of each payment should be \$___?(Round to the nearest cent.)2) Solve the following problem.PV = \$22,502; n = 98; i = 0.024; PMT = ?;PMT = \$___ (Round to two decimal places.)3) Use the formula for the present value of an ordinary annuity or theamortization formula to solve the following problem.PV = \$10,000; i = 0.005; PMT = \$250; n = ?n = ___ (Round up to the nearest integer.)

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