Eliberto Ochoa needs to have $7,500 at the end of 15 months to pay for a new roof. Compute the amount that Eliberto should deposit each month into a sinking fund that pays 9% compounded monthly. Use Tables 23-1A and 23-1B or a calculator.

Question

Eliberto Ochoa needs to have $7,500 at the end of 15 months to pay for a new roof. Compute the amount that Eliberto should deposit each month into a sinking fund that pays 9% compounded monthly. Use Tables 23-1A and 23-1B or a calculator.​

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The Answer of Eliberto Ochoa needs to have $7,500 at the end of 15 months to pay for a new roof. Compute the amount that Eliberto should deposit each month into a sinking fund that pays 9% compounded monthly. Use Tables 23-1A and 23-1B or a calculator.​

Eliberto Ochoa Needs to Have $7,500 at the End of 15