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(1 point) A borrows $2000 for 11 years at 7% convertible quarterly. A does not pay interest currently and will pay all accrued interest at

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(1 point) A borrows $2000 for 11 years at 7% convertible quarterly. A does not pay interest currently and will pay all accrued interest at the end of 11 years together with the principal. Find the annual sinking fund deposit necessary to liquidate the loan at the end of 11 years if the sinking fund earns 5% convertible semiannually ANSWER-$

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