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4. Moller Associates borrowed 550,000. The company plans to set up a sinking fund that will pay back the loan at the end of 10
4. Moller Associates borrowed 550,000. The company plans to set up a sinking fund that will pay back the loan at the end of 10 years. Assume a rate of 10% compounded semiannually. What is the amount to be paid into the fund each period? Check your
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