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Find the amount of each payment to be made into a sinking fund so that...

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Basic Math

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Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $77,000; money earns 5% compounded semiannually for 11 year O $1118.16$2667.79$2832.62$2517.62

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