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[Step-by-Step] Find the amount of each payment that must be made into a sinking fund to accumulate the following amount. (Recall, in a sinking fund, payments

Question: Find the amount of each payment that must be made into a sinking fund to accumulate the following amount. (Recall, in a sinking fund, payments are made at the end of every interest period.)

$57,000; money earns 6% compounded semiannually for 8 ½ years.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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