A borrower takes out a loan of $2000 for two years. Construct a sinking fund...
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Finance
A borrower takes out a loan of $2000 for two years. Construct a sinking fund schedule if the lender receives 10% effective on the loan and if the borrower replaces the amount of the loan with semiannual deposits in a sinking fund earning a nominal rate of discount at 8% convertible semiannually.
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