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A $28000 loan is to be repaid in 12 years, with a sinking fund accumulated to repay principal plus interest. The loan charges 2=5.8%, while

A $28000 loan is to be repaid in 12 years, with a sinking fund accumulated to repay principal plus interest. The loan charges 2=5.8%, while the sinking fund fund earns 2= 11.2%. What semi annual sinking fund deposit is required? Answer: \$

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