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3. Find the quarterly payments necessary to accumulate $28,000 in a sinking fund at 10% compounded quarterly over the next ten (10) years. 4. ABC

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3. Find the quarterly payments necessary to accumulate $28,000 in a sinking fund at 10% compounded quarterly over the next ten (10) years. 4. ABC INC puts $10,000 quarterly in to a sinking fund that compounds quarterly at 12% to replace a building. How much is in the fund at the end of 12 years? 5. How much interest did ABC INC earn during the twelve years it invested

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