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a company has established a sinking fund to discharge a debt of 400,000 in FIVE...

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Finance

a company has established a sinking fund to discharge a debt of 400,000 in FIVE years. If the deposits are placed equally at the end of each quarter in an account with an interest rate 4%, compounded quarterly, what is the size of each deposit (each payment)? Also, calculate the total amount of payments?

Ans. Each Deposit

Ans. Total Amount of payments

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