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(1 point) Conner borrows $135000 for 13 years at a rate of j4 = 7.9%. The loan is set up in a manner that the
(1 point) Conner borrows $135000 for 13 years at a rate of j4 = 7.9%. The loan is set up in a manner that the Conner will make quarterly interest payments and repay the original principal in one lump sum at maturity. He decides to create a sinking fund in order to repay the principal at maturity. If the fund is invested at a rate of j4 = 4.8%, calculate: a) Quarterly expense of debt. Answer: $ b) The book value of the debt after 5 years. Answer: $
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