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5. ABC Co. borrowed $750,000 on January 1, 2010 to purchase new machines. The interest rate of 8% is compounded semiannually to be repaid January

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5. ABC Co. borrowed $750,000 on January 1, 2010 to purchase new machines. The interest rate of 8% is compounded semiannually to be repaid January 1, 2020 To repay this ABC will start making six equal annual deposits into fund that earns 6% annum on January 1, 2014. Required: What is the amount of the six annual deposits that ABC needs to make

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