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Use the accompanying sinking fund formula to determine the payment needed to reach the accumulated...

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Algebra

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Use the accompanying sinking fund formula to determine the payment needed to reach the accumulated amount Semiannual payments with 6 interest are compounded semiannually for 5 years to accumulate 40 000 The semiannual invested payment is Do not round until the final answer Then round up to the nearest cent p H 7 nt

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