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A. A company estimates that it will need $83,000 in 11 years to replace a computer....

A. A company estimates that it will need $83,000 in 11 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 4.2% compounded​ monthly, how much should each payment​ be?

B. You can afford monthly deposits of $260 into an account that pays 3.3% compounded monthly. How long will it be until you have $9,500 to buy a​ boat?

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