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3. Find the amount of each payment to be made into a sinking fund which earns 5% compounded quarterly and produces $43,000 at the

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3. Find the amount of each payment to be made into a sinking fund which earns 5% compounded quarterly and produces $43,000 at the end of 3.5 years. Payments are made at the end of each period. The payment size is $ nearest cent.) (Do not round until the final answer. Then round to the

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