The amount of sinking fund payment required by Big Sky Ski Rental Center to replace aging equipment at the end of each month at 6 % interest compounded monthly to amount to the $ 40 , 000 in 6 years.

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Chapter 12.III, Problem 9TIE

To determine

To calculate: The amount of sinking fund payment required by Big Sky Ski Rental Center to replace aging equipment at the end of each month at 6% interest compounded monthly to amount to the $40,000 in 6 years.

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