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A corporation creates a sinking fund in order to have $370,000 toreplace some machinery in 8 years. How much should be placed inthis account at the end of each week if the annual interest rate is3.5% compounded weekly? (Round your answers to the nearestcent.)$ How much interest would they earn over the life of theaccount?$ Determine the value of the fund after 2, 4, and 6 years.2 years$4 years$6 years$
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