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Find the sinking fund payment you would need to make at the end of each...

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Accounting

Find the sinking fund payment you would need to make at the end of each year, at 5% interest compounded annually, to amount to $8,000 in 2 years. (Use the appropriate formula)

$2,719.86

$1,537.27

$2,128.56

$3,902.44

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