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(1 point) A borrows $9000 for 10 years at 8% convertible semiannually. A pays the interest semiannually and replaces the principal by means of deposits

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(1 point) A borrows $9000 for 10 years at 8% convertible semiannually. A pays the interest semiannually and replaces the principal by means of deposits at the end of every year for 10 years into a sinking fund which earns 6% effective. Find the total dollar amount which A must pay over the 10-year period to completely repay the loan. ANSWER-$

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