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5- A company establishes a sinking fund for plant retooling in 6 years at an estimated cost of $850,000. If it is payments are made

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5- A company establishes a sinking fund for plant retooling in 6 years at an estimated cost of $850,000. If it is payments are made semiannually and it is compounded semiannually with the interest rate of 8.76%, how much interest will the account earn in the 6 years? $185830 -) $180800 $183500 ) $189500 09052

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